2026-05-15T17:48:08-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 060646681 INDIAN MOUNTAIN SCHOOL INC INDI 8604350871 211 INDIAN MOUNTAIN ROAD LAKEVILLE CT 06039 CHERYL SLEBODA INTERIM CFO 8604350871 2026-05-15 1 1 LUKE BURNETT P01079018 9786202000 2026-05-15 2024 2025-03-06 01:10:19Z LISA SUN 211 INDIAN MOUNTAIN ROAD LAKEVILLE CT 06039 25986921 0 X WWW.INDIANMOUNTAIN.ORG X 1922 CT TO PROVIDE EDUCATION TO PRE K THRU 9TH GRADE DAY AND BOARDING SCHOOL STUDENTS. 20 20 148 21 0 0 2814489 3786122 17055025 17568880 935004 636102 0 0 20804518 21991104 2471538 2905435 0 0 10402510 10833643 0 0 698136 5724976 6276365 18599024 20015443 2205494 1975661 52691776 63582852 18586713 25752883 34105063 37829969 TO PROVIDE EDUCATION TO PRE K THRU 9TH GRADE DAY AND BOARDING SCHOOL STUDENTS. 0 0 14684446 2905435 17568880 BASIC PROGRAM SERVICE ACTIVITIES INCLUDING SCHOOL AND EDUCATION PROGRAMS FOR APPROXIMATELY 235 STUDENTS IN GRADES 5-9, AND APPROXIMATELY 74 STUDENTS IN GRADES PK-4. THIS INCLUDES BOTH DAY AND BOARDING STUDENTS. 14684446 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 1 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 1 236 0 1 148 1 0 0 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CHERYL SLEBODA 8604350871 211 INDIAN MOUNTAIN ROAD LAKEVILLE CT 06039 DAVID NUZUM PRESIDENT (AS OF 07/24) 1.00 X X 0 0 0 JUSTIN ROYCE VICE PRESIDENT 1.00 X X 0 0 0 CARY ULLMAN SECRETARY (AS OF 07/24) 1.00 X X 0 0 0 JAMIL SWATI TREASURER (UNTIL 03/25) 1.00 X X 0 0 0 ELIZA GAIRARD TREASURER (AS OF 04/25) 1.00 X X 0 0 0 LAWRENCE ALEXANDER TRUSTEE 1.00 X 0 0 0 ROBERT CASANOVA TRUSTEE 1.00 X 0 0 0 CARY EGAN TRUSTEE (AS OF 10/24) 1.00 X 0 0 0 DEREK DENG TRUSTEE (AS OF 10/24) 1.00 X 0 0 0 DANIELLE DO TRUSTEE 1.00 X 0 0 0 ALEXANDRA JARISLOWKSY TRUSTEE 1.00 X 0 0 0 LIMIN KONG TRUSTEE 1.00 X 0 0 0 JEFFREY LEE TRUSTEE 1.00 X 0 0 0 HEEYUN LEE TRUSTEE 1.00 X 0 0 0 ESTER MA TRUSTEE 1.00 X 0 0 0 PIETER MULDER TRUSTEE 1.00 X 0 0 0 DAMALI PETERMAN TRUSTEE (AS OF 10/24) 1.00 X 0 0 0 SAVANNAH STEVENSON TRUSTEE 1.00 X 0 0 0 JASON JJ VELEZ TRUSTEE 1.00 X 0 0 0 LARA VITIELLO TRUSTEE 1.00 X 0 0 0 MARK WINMILL TRUSTEE 1.00 X 0 0 0 SCOTT ERICKSON INTERIM HEAD OF SCHOOL 40.00 X 235551 0 34880 WILLIAM WAGNER CHIEF FINANCIAL OFFICER 40.00 X 114963 0 32002 SARAH SMITH DIRECTOR OF ADVANCEMENT 40.00 X 176700 0 9153 MELISSA PROPER CONTROLLER 40.00 X 155056 0 43618 DONALD TORRICO DIECTOR OF BUILDINGS AND GROUNDS 40.00 X 105753 0 48000 CHERYL SLEDBODA FORMER CHIEF FINANCIAL OFFICER 40.00 X 105402 0 24800 JODY SOJA FORMER HEAD OF SCHOOL 40.00 X 439008 0 38137 1332433 0 230590 8 1 1 0 SAGE DINING SERVICES SUITE 100 1402 YORK ROAD LUTHERVILLE MD 21093 DINING/FOOD SERVICES 988561 JBR JANITORIAL SERVICES 105 BUSHNELL STREET APT 3 HARTFORD CT 06114 JANITORIAL SERVICES 162040 2 3786122 87698 3786122 TUITION AND FEES 611110 16650150 16650150 OTHER SCHOOL PROGRAM FEES 611110 710266 710266 AUXILLARY SERVICES 611110 208464 208464 17568880 627138 627138 4004781 3995817 8964 8964 8964 21991104 17568880 0 636102 2078126 2078126 827309 827309 784458 538531 208530 37397 337914 231978 89827 16109 6633893 4554085 1763558 316250 232575 183924 40405 8246 2285267 1786558 415255 83454 559536 435567 103318 20651 108765 108765 41200 41200 76108 76108 1847419 1390020 443727 13672 14924 14924 997838 606853 353402 37583 188702 3479 185223 719219 658723 56911 3585 202165 72917 72591 56657 60627 36308 21860 2459 271502 271502 1059649 973817 80533 5299 248369 227788 19362 1219 SPECIAL EVENT EXPENSE 135359 21309 48316 65734 BAD DEBT EXPENSE 107647 107647 DUES AND SUBSCRIPTIONS 60787 12497 48020 270 136085 44657 61877 29551 20015443 14684446 4632861 698136 2985368 5711651 9360572 6128250 2670681 3001639 181299 4051993 86196 134641 182903 176353 49505824 20630452 21576365 28875372 10517271 11616587 3053994 3719706 2077127 166660 52691776 63582852 1573818 2209805 4821039 11957521 10635537 10371514 947283 896929 609036 317114 18586713 25752883 X 22812835 23284013 11292228 14545956 34105063 37829969 52691776 63582852 1975661 1749245 0 X 0 1 X 1 0 X 4865363 2569871 4932801 2814489 3786122 18968646 4865363 2569871 4932801 2814489 3786122 18968646 2331476 16637170 186406 192804 335733 450447 627138 1792528 20761174 76069412 0.80140 0.82850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 13513514 88313 1936192 448199 15089820 12141811 25500 1733356 387153 13513514 10936161 25500 1645291 465141 12141811 12744631 25500 -1442688 391282 10936161 10678846 25250 2454913 414378 12744631 0.46440 0.53560 0.00000 0 0 928934 928934 35994518 16558325 19436193 4661954 4072127 589827 7920418 7920418 28875372 U.S. GOVERNMENT SECURITIES 2517701 C CORPORATE OBLIGATIONS 1202005 C 3719706 OTHER LIABILITIES 150454 OPERATING LEASE LIABILITY 140746 FINACE LEASE LIABILITY 25914 317114 X 20758806 1749245 -2905435 -1156190 21914996 76108 76108 21991104 17033900 0 17033900 76108 2905435 2981543 20015443 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE USED TO PAY FOR THE EXPENSES RELATED TO THE EDUCATIONAL PURPOSE OF THE ORGANIZATION. PART X, LINE 2: THE SCHOOL IS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, AS SUCH, IS NOT SUBJECT TO FEDERAL OR STATE CORPORATION INCOME TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE SCHOOL AND HAS CONCLUDED THAT, AS OF JUNE 30, 2025 AND 2024, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2022 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENTS OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -2,905,435. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,905,435. 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 DISPLAYS THE RACIALLY NONDISCRIMINATORY POLICY ON THE WEBSITE. 1 CENTRAL AMERICA AND THE CARIBBEAN 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 179154 MIDDLE EAST AND NORTH AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 93576 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 5940 SOUTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 177116 SOUTH ASIA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 87392 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN THE REGION 284131 0 0 0 0 0 0 827309 0 827309 FINANCIAL AID TO STUDENTS CENTRAL AMERICA AND THE CARIBBEAN 2 179154 N/A N/A FINANCIAL AID TO STUDENTS MIDDLE EAST AND NORTH AFRICA 1 93576 N/A N/A FINANCIAL AID TO STUDENTS NORTH AMERICA 10 5940 N/A N/A FINANCIAL AID TO STUDENTS SOUTH AMERICA 2 177116 N/A N/A FINANCIAL AID TO STUDENTS SOUTH ASIA 1 87392 N/A N/A FINANCIAL AID TO STUDENTS SUB-SAHARAN AFRICA 3 284131 N/A N/A 0 0 0 0 0 0 PART I, LINE 2: THE SCHOOL'S FINANCIAL AID COMMITTEE USES THIRD PARTY, CLARITY, TO DETERMINE NEED BASED AID, AND AWARDS GRANTS BASED ON COMMITTEE REVIEW AND APPROVAL. 1 FINANCIAL AID TO STUDENTS 82 2078126 N/A N/A PART I, LINE 2: THE ORGANIZATION MAINTAINS A FINANCIAL AID COMMITTEE OF FOUR INDIVIDUALS, INCLUDING THE DIRECTOR OF ADMISSIONS, DIRECTOR OF FINANCIAL AID/SENIORASSOCIATE DIRECTOR OF ADMISSIONS, CHIEF FINANCIAL OFFICER AND ADMISSIONS ASSOCIATE. THE COMMITTEE REVIEWS ALL FINANCIAL AID APPLICATIONS ON ANANNUAL BASIS TO DETERMINE AWARDS UTILIZING TAX RETURNS, SSS APPLICATIONS AND PARENT INTERVIEWS. FINANCIAL AID AWARDS ARE BASED ON NEED. X X X X 1 1 X X X X 0 0 0 0 0 0 0 0 1 1 JODY SOJA FORMER HEAD OF SCHOOL 151520 0 0 0 287488 0 10122 0 28015 0 477145 0 0 0 SCOTT ERICKSON INTERIM HEAD OF SCHOOL 179458 0 0 0 56093 0 10375 0 24505 0 270431 0 0 0 MELISSA PROPER CONTROLLER 148030 0 0 0 7026 0 11242 0 32376 0 198674 0 0 0 SARAH SMITH DIRECTOR OF ADVANCEMENT 161100 0 0 0 15600 0 8843 0 310 0 185853 0 0 0 DONALD TORRICO DIECTOR OF BUILDINGS AND GROUNDS 100250 0 0 0 5503 0 5817 0 42183 0 153753 0 0 0 PART I, LINE 1A THE INTERIM HEAD OF SCHOOL RESIDED, AS A CONDITION OF EMPLOYMENT, IN THE HEAD OF SCHOOL'S HOUSE AT 211 INDIAN MOUNTAIN ROAD, THE SCHOOL PROPERTY. PART I, LINE 8 SCOTT ERICKSON IS IN HIS INITIAL EMPLOYMENT AGREEMENT AS INTERIM HEAD OF SCHOOL OF INDIAN MOUNTAIN SCHOOL EFFECTIVE AS OF JULY 1, 2024, FOR AN INITIAL TERM OF 1 YEAR. A STATE OF CT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2021-05-13 12000000 CAMPUS IMPROVEMENTS AND REFINANCING DEBT 0 0 0 A 628486 11000000 42248 9120126 1840137 2024 0 0 1 1 A 0 0 0 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 SCHEDULE K, PART I, ISSUE PRICE: SERIES A-3 BONDS BEING ISSUED IN THE AGGREGATE PRINCIPAL AMOUNT OF UP TO $1,000,000, NONE OF WHICH IS BEING DRAWN DOWN AT CLOSING. X 9 75633 FMV X OTHER GIFTS IN-KIND 3 12065 FMV 0 0 1 0 PART I, COLUMN (B): NUMBER OF CONTRIBUTIONS RECEIVED. FORM 990, PART VI, SECTION A, LINE 1A SECTION 1. COMPOSITION: THE EXECUTIVE COMMITTEE SHALL BE COMPRISED OF THE OFFICERS, AND THE CHAIRS OF THE FINANCE COMMITTEE, DEVELOPMENT STEERING COMMITTEE, BUILDINGS & GROUNDS COMMITTEE, COMMITTEE ON TRUSTEES, EQUITY & INCLUSION COMMITTEE, AND REVIEW & COMPENSATION COMMITTEE. THE PRESIDENT SHALL HAVE THE ABILITY TO APPOINT ONE ADDITIONAL TRUSTEE, AND THE BOARD MAY ELECT ONE ADDITIONAL TRUSTEE. THE HEAD OF SCHOOL SHALL BE A NON-VOTING EX OFFICIO MEMBER OF THE EXECUTIVE COMMITTEE. DUTIES: WHEN THE BOARD IS NOT IN SESSION AND PRUDENT AND EXPEDITIOUS MANAGEMENT REQUIRES PROMPT ACTION, THE EXECUTIVE COMMITTEE SHALL HAVE AND EXERCISE ALL OF THE AUTHORITY OF THE BOARD IN THE GOVERNANCE OF THE SCHOOL, EXCEPT FOR THE FOLLOWING: A) ELECTION OR REMOVAL OF A TRUSTEE OR OFFICER; B) APPOINTMENT OR REMOVAL OF THE HEAD OF SCHOOL; C) PURCHASE OR SALE OF REAL ESTATE NOT CONTEMPLATED BY THE ANNUAL BUDGET; D) ENTERING INTO A CONTRACT FOR THE ACQUISITION OR DISPOSITION OF ASSETS IN AN AGGREGATE AMOUNT EXCEEDING $50,000 OTHER THAN AS CONTEMPLATED BY THE ANNUAL BUDGET; E) FIXING OF TUITION; F) BORROWING OR PLEDGING, MORTGAGING OR ENCUMBERING THE SCHOOL'S ASSETS OTHER THAN AS CONTEMPLATED BY THE ANNUAL BUDGET; AND G) AMENDMENT OF THE BY-LAWS. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, A COPY OF THE COMPLETED FILING WILL BE REVIEWED BY THE HEAD OF SCHOOL AND THE FINANCE COMMITTEE (SUB COMMITTEE OF BOARD). ANY FEEDBACK/QUESTIONS ADDRESSED WITH PREPARER, AND CFO AUTHORIZES FINAL FORM. SUBSEQUENTLY, CFO DISTRIBUTES COPY OF THE COMPLETED COPY OF THE 990 TO FULL BOARD. THE ONLY SCHEDULE OMITTED FROM FULL BOARD IS THE SCHEDULE B, AS MANY ARE DONORS. FORM 990, PART VI, SECTION B, LINE 12C ON AN ANNUAL BASIS, THE BOARD OF TRUSTEES CIRCULATES ITS CONFLICT OF INTEREST POLICY. ALL TRUSTEES ARE THEN REQUIRED TO DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST AND ALSO SIGN THEIR ACKNOWLEDGMENT OF THE POLICY ANNUALLY IN SEPTEMBER. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE HEAD OF SCHOOL, THE SCHOOL'S TOP MANAGEMENT OFFICIAL, IS DETERMINED BY THE COMPENSATION COMMITTEE MADE UP OF INDEPENDENT MEMBERS OF THE BOARD OF TRUSTEES, INCLUDING THE PRESIDENT AND VICE PRESIDENT OF THE BOARD. THEIR PROCESS INCLUDES A REVIEW OF THE HEAD'S JOB PERFORMANCE, A REVIEW OF INFORMATION ABOUT COMPENSATION OF HEADS OF SIMILAR SCHOOLS FOUND IN THEIR RESPECTIVE 990'S, CONSIDERATION OF PERCENT RAISES GIVEN TO OTHER EMPLOYEES OF THE SCHOOL AND CONSIDERATION OF THE SCHOOL'S OVERALL FINANCIAL STATUS. THE COMPENSATION OF THE CHIEF FINANCIAL OFFICER (CFO) IS SET BY THE HEAD OF SCHOOL. THE HEAD CONSIDERS A REVIEW OF THE CFO'S JOB PERFORMANCE, A REVIEW OF INFORMATION FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS ABOUT CFO COMPENSATION, PERCENT RAISES GIVEN TO OTHER EMPLOYEES OF THE SCHOOL AND CONSIDERATION OF THE SCHOOL'S OVERALL FINANCIAL STATUS WHEN SETTING THE CFO'S SALARY. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON REQUEST FROM THE CHIEF FINANCIAL OFFICER, CHERYL SLEBODA, IN THE BUSINESS OFFICE.