2026-04-24T08:01:38-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2024-07-01 060646921 THE TAFT SCHOOL CORPORATION TAFT 8609457777 110 WOODBURY RD WATERTOWN CT 06795 JOHN H ODDEN CFO 8609457777 2025-12-19 1 0 JOHN TOSCANO P00358542 8605614000 2026-04-15 2024 2025-03-06 01:10:19Z PETER BECKER 110 WOODBURY RD WATERTOWN CT 06795 797769112 0 X WWW.TAFTSCHOOL.ORG X 1930 CT THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT. 29 29 399 29 257464 0 18830748 25152151 41333362 43368442 19748764 53557205 449149 674652 80362023 122752450 10908628 11076555 0 0 29533717 30381041 68273 214511 3993207 25326903 26734206 65837521 68406313 14524502 54346137 493572563 530630018 64460191 66602095 429112372 464027923 THE MISSION OF THE SCHOOL IS TO EDUCATE THE WHOLE STUDENT. 0 0 56374375 11076555 43553972 PROVIDE EDUCATION SERVICES AND SUPPORT FOR APPROXIMATELY 575 STUDENTS IN GRADES NINE THROUGH POST-GRADUATE IN A BOARDING AND DAY SETTING. 56374375 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 290 0 1 399 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JOHN H ODDEN 8609457770 110 WOODBURY RD WATERTOWN CT 06795 SARKIS D IZMIRLIAN II CHAIRMAN 0.50 X X 0 0 0 ERNEST O KWARTENG SECRETARY 0.50 X X 0 0 0 AMISH H MEHTA TREASURER 0.50 X X 0 0 0 JONATHAN D ALBERT TRUSTEE (OUTGOING 04/25) 0.50 X 0 0 0 EMILY PAVIOUR BAKEMEIR TRUSTEE 0.50 X 0 0 0 SUPRIYA BALSEKAR BOOTH TRUSTEE 0.50 X 0 0 0 PETER C BOWDEN TRUSTEE 0.50 X 0 0 0 HENRY G BRAUER TRUSTEE 0.50 X 0 0 0 DIANA SANDS CALVARUSO TRUSTEE 0.50 X 0 0 0 KATAMA GUERNSEY EASTMAN TRUSTEE 0.50 X 0 0 0 J KINGMAN GORDON TRUSTEE 0.50 X 0 0 0 MICHAEL M HUMPHREYS TRUSTEE 0.50 X 0 0 0 JOYCE KWOK TRUSTEE 0.50 X 0 0 0 ROGER H LEE TRUSTEE 0.50 X 0 0 0 NAVID A MAHMOODZADEGAN TRUSTEE 0.50 X 0 0 0 AMANDA C MCGOVERN TRUSTEE 0.50 X 0 0 0 PAUL T MCGOWAN TRUSTEE 0.50 X 0 0 0 ANTHONY W PASQUARIELLO TRUSTEE 0.50 X 0 0 0 DR EMILY ISRAEL PLUHAR TRUSTEE 0.50 X 0 0 0 DR JOHN K RIGGINS JR TRUSTEE 0.50 X 0 0 0 ROBERT F SAVAGE JR TRUSTEE 0.50 X 0 0 0 DAVID SIM TRUSTEE 0.50 X 0 0 0 DYLAN T SIMONDS TRUSTEE 0.50 X 0 0 0 LOUIS SO TRUSTEE 0.50 X 0 0 0 KATE GENUNG TAYLOR TRUSTEE 0.50 X 0 0 0 JEFFREY M WALSH TRUSTEE 0.50 X 0 0 0 ROBIN WANG TRUSTEE 0.50 X 0 0 0 CHARLES E WATSON TRUSTEE 0.50 X 0 0 0 SCOTT G WILLARD TRUSTEE 0.50 X 0 0 0 JOANNE K ZIESING TRUSTEE 0.50 X 0 0 0 PETER BECKER PRES./HEAD OF SCHOOL 40.00 X 500562 0 164601 JOHN H ODDEN CFO 40.00 X 321187 0 124567 ARTHUR L CRIMMINS CHIEF ADVANCEMENT OFFICER 40.00 X 287823 0 84332 DAVID JEREMY LACASSE ASSIST. HEAD OF SCHOOL FOR STUDENT LIFE 40.00 X 182381 0 125042 KAITLIN ORFITELLI DIR. OF MARKETING & COMMUN 40.00 X 170051 0 122624 RICHARD J GALIETTE DIRECTOR OF MAJOR & PLANNED GIFTS 40.00 X 167600 0 4770 ALVIN I REIFF JR MATHEMATICS DEPT. HEAD, TEC DIRECTOR 40.00 X 161199 0 49498 KIERSTEN CHAPMAN MARICH SENIOR DIRECTOR OF ADVANCEMENT 40.00 X 161187 0 71332 HEIDI LEATHERMAN CONTROLLER 40.00 X 174235 0 31503 WILLIAM MACMULLEN FORMER PRES./HEAD OF SCHOOL 40.00 X 394228 0 76570 2520453 0 854839 36 1 1 0 ARAMARK CORPORATION PO BOX 91337 CHICAGO IL 60693 FOOD SERVICES 2371800 BUSHKA LUMBER & MILLWORK LLC 305 FAIRFIELD AVENUE WATERBURY CT 06708 CONSTRUCTION SERVICES 1615701 CAPE AND ISLAND TENNIS & TRACK 28 COMMERCE PARK RD POCASSSET MA 02559 FACILITIES SERVICES 1564800 FF HITCHCOCK CO INC 264 SANDBANK RD CHESHIRE CT 06410 HVAC/PLUMBING/OTHER SERVICES 983580 THE COLONY GROUP LLC ONE BOSTON PLACE 11TH FLOOR BOSTON MA 02108 INVESMENT MANAGEMENT 763212 24 25152151 1844781 25152151 STUDENT TUITION 611110 41654390 41654390 PROGRAM FEES 611110 1714052 1714052 43368442 3925131 42511 3882620 724278074 674646000 49632074 49632074 49632074 519245 370662 148583 148583 INSURANCE SETTLEMENT 524298 220000 220000 HOCKEY RINK 532000 214953 214953 AUXILIARY INCOME 611110 91116 36947 54169 526069 122752450 43553972 257464 53788863 11076555 11076555 1816870 312872 1053847 450151 19516113 16583160 1511556 1421397 1533175 1322829 124816 85530 6008485 4892298 738710 377477 1506398 1234091 148857 123450 527590 527590 91662 91662 214511 214511 1683578 1683578 6597540 5723744 703820 169976 85723 83466 2195 62 1452190 966318 205150 280722 928264 913998 7849 6417 5044 5044 3238708 3157942 57869 22897 693243 472355 136850 84038 325822 224811 98601 2410 1105242 1077680 19748 7814 6329504 6171661 113095 44748 797256 777375 14245 5636 INSTRUCTION 930617 930617 GENERAL AND INSTITUTION 896780 98087 798693 DEVELOPMENT 695971 695971 STUDENT SERVICES 302431 302431 47041 47041 68406313 56374375 8038731 3993207 0 20794700 21297717 8320987 6345290 8340483 8320756 403964 485367 567315 938557 242586105 119120621 121921685 123465484 168418035 48004027 164468557 315069872 336837 6702948 493572563 530630018 3046322 4292380 20851582 22513109 35708902 34543763 500000 4853385 4752843 64460191 66602095 X 189484825 200982464 239627547 263045459 429112372 464027923 493572563 530630018 X 54346137 -19549889 119303 X X 0 1 X 1 0 X 10561264 18432688 23719000 18830748 25152151 96695851 10561264 18432688 23719000 18830748 25152151 96695851 13874721 82821130 3387527 3943214 4170431 6473167 3882640 21856979 200552 210584 222207 257464 890807 4476 3412 133263 74054 274169 489374 119933011 203446231 0.69060 0.72340 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: AUXILIARY INCOME - 2020 AMOUNT: $ 4,476. 2021 AMOUNT: $ 3,412. 2022 AMOUNT: $ 133,263. 2023 AMOUNT: $ 74,054. 2024 AMOUNT: $ 54,169. INSURANCE SETTLEMENT - 2024 AMOUNT: $ 220,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 0 0 333181991 17003941 31446363 6082983 8167017 367382295 305868322 11107590 30206079 5455791 8544209 333181991 285460807 17565697 15841818 5261612 7738388 305868322 317757768 9767003 -30863964 4530934 6669066 285460807 255973204 279934 73504630 4294050 7705950 317757768 0.31190 0.68810 0.00000 0 0 3033210 3033210 202855308 96396400 106458908 17168637 13665374 3503263 19528950 9058847 10470103 123465484 PRIVATE EQUITIES AND ALTERNATIVE INVESTMENTS 315069872 F 315069872 LIABILITIES UNDER SPLIT-INTEREST AGREEMENTS 4752843 4752843 90932393 -19549889 -10586590 -30136479 121068872 1683578 1683578 122752450 56016842 370662 370662 55646180 1683578 11076555 12760133 68406313 PART III, LINE 1A: THE SCHOOL HAS A COLLECTION OF ARTWORK WHICH IS ON PUBLIC DISPLAY THROUGHOUT ITS CAMPUS BUILDINGS. THE SCHOOL FOLLOWS A POLICY OF NOT CAPITALIZING THE COLLECTION OF ARTWORK IN ITS FINANCIAL STATEMENTS. ACCORDINGLY, NO COLLECTION ITEMS ARE RECOGNIZED AS ASSETS, WHETHER THEY ARE PURCHASED OR RECEIVED AS A CONTRIBUTION. PURCHASES OF COLLECTION ITEMS REDUCE NET ASSETS IN THE PERIOD OF PURCHASE. PROCEEDS FROM SALES OR INSURANCE RECOVERIES ARE RECORDED AS INCREASES IN NET ASSETS WHEN RECEIVED. NO ITEMS WERE PURCHASED FOR OR REMOVED FROM THE COLLECTION DURING THE TAX YEAR. PART III, LINE 4: COLLECTIONS ARE COMPRISED OF VARIOUS PAINTINGS AND SCULPTURES THAT ARE ON DISPLAY THROUGHTOUT THE SCHOOL FOR THE CULTURAL ENRICHMENT OF ITS STUDENT BODY. PART V, LINE 4: RESTRICTED ENDOWMENT FUNDS ARE USED IN ACCORDANCE WITH DONOR-IMPOSED STIPULATIONS. UNRESTRICTED ENDOWMENT FUNDS, INCLUDING BOARD DESIGNATED FUNDS, ARE USED IN ACCORDANCE WITH THE SPENDING POLICY APPROVED BY THE BOARD OF TRUSTEES. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 370,662. CHANGE IN VALUE OF TRUSTS 119,303. FINANCIAL AID -11,076,555. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 370,662. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 11,076,555. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS HOMEPAGE. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 INVESTMENTS 1615799 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 101466369 SUB-SAHARAN AFRICA 0 0 INVESTMENTS 3132600 0 0 0 0 0 0 106214768 0 106214768 1 0 1 1 1 0 PART I, LINE 3: THE LISTED INVESTMENTS RELATE TO HOLDINGS IN THE SCHOOL'S ENDOWMENT FUND. X X X X X 1 MARCIA MONAGON 206 SUGAR MAPLE WAY MIDDLEBURY CT 06762 CONSULTING 0 0 63000 0 PG CALC INCORPORATED PO BOX 411329 BOSTON MA 022411329 CONSULTING 0 0 5445 0 ELIZABETH STUART ZIEGLER 1 CLAREMONT PLACE CRANFORD NJ 07016 CONSULTING 0 0 146066 0 ELIZABETH WELCH 1456 TOWN FARM ROAD 242 LUDLOW VT 05149 CONSULTING 0 0 24000 0 GIVECAMPUS PO BOX 7411392 CHICAGO IL 606741392 CONSULTING 0 0 12500 0 251011 CT 1 STUDENT FINANCIAL AID 201 11076555 FMV TUITION AND FEES ASSISTANCE PART I, LINE 2: ALL FINANCIAL AID RECIPIENTS ARE REQUIRED TO COMPLETE A FINANCIAL AID STATEMENT AND PROVIDE THE NECESSARY SUPPORTING DOCUMENTATION. X X 1 1 X X X 0 0 0 0 0 0 0 0 0 PETER BECKER PRES./HEAD OF SCHOOL 495381 0 0 0 5181 0 48600 0 116001 0 665163 0 0 0 WILLIAM MACMULLEN FORMER PRES./HEAD OF SCHOOL 359228 0 0 0 35000 0 39062 0 37508 0 470798 0 0 0 JOHN H ODDEN CFO 321187 0 0 0 0 0 49120 0 75447 0 445754 0 0 0 ARTHUR L CRIMMINS CHIEF ADVANCEMENT OFFICER 287345 0 0 0 478 0 23850 0 60482 0 372155 0 0 0 DAVID JEREMY LACASSE ASSIST. HEAD OF SCHOOL FOR STUDENT L 182381 0 0 0 0 0 19080 0 105962 0 307423 0 0 0 KAITLIN ORFITELLI DIR. OF MARKETING & COMMUN 170051 0 0 0 0 0 16112 0 106512 0 292675 0 0 0 KIERSTEN CHAPMAN MARICH SENIOR DIRECTOR OF ADVANCEMENT 161187 0 0 0 0 0 13600 0 57732 0 232519 0 0 0 ALVIN I REIFF JR MATHEMATICS DEPT. HEAD, TEC DIRECTOR 161199 0 0 0 0 0 17670 0 31828 0 210697 0 0 0 HEIDI LEATHERMAN CONTROLLER 174235 0 0 0 0 0 14200 0 17303 0 205738 0 0 0 RICHARD J GALIETTE DIRECTOR OF MAJOR & PLANNED GIFTS 167600 0 0 0 0 0 4667 0 103 0 172370 0 0 0 PART I, LINE 1A THE SCHOOL OPERATES AS A BOARDING SCHOOL WITH APPROXIMATELY 490 STUDENTS RESIDING ON CAMPUS. ACCORDINGLY, CERTAIN INDIVIDUALS ARE REQUIRED TO RESIDE ON CAMPUS. THE VALUE OF SCHOOL HOUSING PROVIDED FOR THIS PURPOSE MEETS THE REQUIREMENT FOR TAX EXEMPTION UNDER IRC SECTION 119, AND ACCORDINGLY, IS INCLUDED IN NON-TAXABLE BENEFITS. THE FOLLOWING INDIVIDUALS, LISTED ON PART II, RECEIVED HOUSING: PETER BECKER, JOHN H. ODDEN, AND ALVIN I. REIFF, JR. THE HEAD OF SCHOOL IS PROVIDED A DISCRETIONARY SPENDING ACCOUNT AS PART OF THE SCHOOL'S OPERATING BUDGET. PROCESSES AND PROCEDURES ARE IN PLACE TO VERIFY THE BUSINESS NATURE OF THESE EXPENDITURES. THIS IS NOT CONSIDERED A TAXABLE BENEFIT TO THE HEAD OF SCHOOL. A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY SERIES K 060806186 20774Y5P8 2018-09-11 22669365 DEFEASE SERIES E AND SERIES J 0 0 0 B CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY SERIES L 060806186 20775DKV3 2021-04-07 16267476 TO REDEEM SERIES I ISSUE, TO FUND ISSUANCE AND CONSTRUCTION COSTS 0 0 0 A 2315000 22669365 369365 22300000 1 0 0 1 B 735000 16267476 8936976 325350 7005150 1 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 0 X 73 1844781 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNTS LISTED IN PART I, COLUMN (B) REPRESENT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION A, LINE 1A IN THE INTERIMS BETWEEN THE MEETINGS OF THE BOARD OF TRUSTEES, THE GOVERNANCE COMMITTEE SHALL HAVE THE RIGHT TO EXERCISE ALL OF THE POWERS OF THE BOARD OF TRUSTEES, EXCEPTING THOSE RELATING TO THE ELECTION OF TRUSTEES AND THE APPOINTMENT OF A PRESIDENT OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B THE ASSISTANT TREASURER AND THE CONTROLLER REVIEW A COPY OF THE DRAFT FORM 990, WHICH IS PREPARED BY THE SCHOOL'S EXTERNAL AUDIT FIRM. THE DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE COMMITTEE ON RISK SEVERAL DAYS IN ADVANCE OF A SCHEDULED COMMITTEE ON RISK MEETING. HIGHLIGHTS OF THE FORM 990 ARE SUBSEQUENTLY PRESENTED TO THE BOARD OF TRUSTEES AT A REGULARLY SCHEDULED MEETING FOR FULL BOARD DISCUSSION AND COMMENT. IN ORDER TO PROTECT THE PRIVACY OF ITS DONOR BASE, THE SCHOOL CHOOSES TO DISTRIBUTE TO THE BOARD A COPY OF FORM 990 WHICH EXCLUDES SCHEDULE B. ALL OTHER PAGES, SCHEDULES AND ATTACHMENTS ARE PROVIDED IN FULL TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL HAS A WRITTEN CONFLICT OF INTEREST POLICY. ALL TRUSTEES, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO SIGN A COPY OF THE CONFLICT OF INTEREST STATEMENT. ISSUES THAT PRESENT A POTENTIAL CONFLICT OF INTEREST RELATED TO ANY CURRENT TRUSTEE, OFFICER OR KEY EMPLOYEE ARE BROUGHT TO THE ATTENTION OF THE FULL BOARD OF TRUSTEES FOR DISCUSSION AND INCLUSION IN BOARD MINUTES. THE TRUSTEE, OFFICER OR KEY EMPLOYEE THAT IS IDENTIFIED AS POSSIBLY HAVING A CONFLICT OF INTEREST IS ASKED TO RECUSE THEMSELVES FROM THE MEETING AND DISCUSSION OF THE ISSUE. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION FOR THE HEAD OF SCHOOL/PRESIDENT OF THE CORPORATION IS DETERMINED ANNUALLY BY THE GOVERNANCE COMMITTEE, INDEPENDENTLY OF THAT INDIVIDUAL, BASED UPON SURVEY DATA COLLECTED RELATED TO THE COMPENSATION OF THE HEADS OF 39 COMPARABLE BOARDING SCHOOLS. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED ANNUALLY BY THE PRESIDENT OF THE CORPORATION, INDEPENDENTLY OF THOSE INDIVIDUALS, BASED UPON COMPENSATION DATA SURVEYED FROM THOSE SAME 39 SCHOOLS AND REVIEWED BY THE GOVERNANCE COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE TAFT SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF TRUSTS 119,303. FORM 990, PART XII, LINE 2C. THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CHARITABLE REMAINDER TRUSTS (1) TRUST CT THE TAFT SCHOOL CORPORATION T 1 CHARITABLE REMAINDER TRUST (1) TRUST CT T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0