2024-01-23T08:11:49-06:00 2023-06-30 221478099 COHNREZNICK LLP 350 CHURCH STREET 12TH FLOOR HARTFORD CT 06103 990 2022-07-01 060848965 CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS INC CONN 8605722950 PO BOX 614 23 E MAIN ST MYSTIC CT 06355 RICHARD BRANSON EXECUTIVE DIRECTOR 8605722950 2024-01-19 1 RICHARD BRANSON 999009999 1 LORI ROTHE YOKOBOSKY CPA P01273422 9592007000 2024-01-19 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z RICHARD BRANSON PO BOX 614 23 E MAIN ST MYSTIC CT 06355 1041665 0 X WWW.CAISCT.ORG X 1950 CT THE ORGANIZATION WAS ESTABLISHED TO PROVIDE SERVICES TO OUR MEMBER SCHOOLS. THESE INCLUDE BUT ARE NOT LIMITED TO SCHOOL EVALUATIONS, PROFESSIONAL DEVELOPMENT, AND GENERAL GUIDANCE. 14 14 6 14 0 0 589525 599358 280408 407250 62082 34975 787 0 932802 1041583 0 0 0 0 682311 764865 0 0 78720 212789 324558 895100 1089423 37702 -47840 1308812 1363535 87091 98362 1221721 1265173 X THE ORGANIZATION WAS ESTABLISHED TO MAINTAIN AND IMPROVE STANDARDS IN INDEPENDENT ELEMENTARY AND SECONDARY EDUCATION IN CONNECTICUT; TO SERVE AS AN EVALUATING ORGANIZATION FOR INDEPENDENT SCHOOLS IN THE STATE, TO COOPERATE WITH THE CT STATE BOARD OF EDUCATION; AND TO PERPETUATE THE TRADITIONAL FREEDOM OF THE INDEPENDENT SCHOOL TO PRACTICE ITS PHILOSOPHY OF EDUCATION. 0 0 576656 407250 CAIS PROVIDES AN EXTENSIVE EVALUATION AND ACCREDITATION PROCESS TO APPROXIMATELY 35 OF ITS MEMBERS. ADDITIONALLY, CAIS PROVIDES TRAINING AND PROFESSIONAL DEVELOPMENT TO ALL OF ITS 91 MEMBERS. DURING FISCAL YEAR 2023, THE ASSOCIATION CONDUCTED 21 PROGRAMS AND 2 VENDOR SHOWS WITH A TOTAL OF 96 VENDOR PARTICIPANTS-49 FOR ONE PROGRAM AND 47 FOR A SECOND. MOST OF THE VENDORS PARTICIPATED IN BOTH PROGRAMS. ADDITIONALLY, 3 VENDORS PARTICIPATED IN A THIRD PROGRAM. TWO OF THE PROGRAMS OFFERED WERE A "SERIES": ONE WITH FOUR OFFERINGS AND ONE WITH TEN OFFERINGS DURING THE FISCAL YEAR. 576656 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 20 0 1 6 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BECKY RUDD 8605722950 PO BOX 614 23 E MAIN ST MYSTIC CT 06355 ALEX CURTIS CHAIR 0.50 X X 0 0 0 TOM LASLEY TREASURER 0.50 X X 0 0 0 ALEWA COOPER VICE CHAIR 0.50 X X 0 0 0 RACHEL STONE BOARD MEMBER 0.50 X 0 0 0 JULIE ANDERSON BOARD MEMBER 0.50 X 0 0 0 BILL DEHAVEN BOARD MEMBER 0.50 X 0 0 0 JAMEL KEELS BOARD MEMBER 0.50 X 0 0 0 CARISSA LEWIS BOARD MEMBER 0.50 X 0 0 0 ARATI PANDIT BOARD MEMBER 0.50 X 0 0 0 MARGOT PEARCE BOARD MEMBER 0.50 X 0 0 0 CHRISTOPHER SANDFORD BOARD MEMBER 0.50 X 0 0 0 LAUNA SCHWEIZER BOARD MEMBER 0.50 X 0 0 0 BOB WHELAN BOARD MEMBER 0.50 X 0 0 0 FREDERICK WILLLIAMS BOARD MEMBER 0.50 X 0 0 0 RICHARD BRANSON EXECUTIVE DIRECTOR 40.00 X 234056 0 39600 234056 0 39600 1 0 1 0 0 498821 100537 599358 PROGRAM REVENUE 611710 392586 392586 EVALUATION REVENUE 611710 14664 14664 407250 35057 35057 82 -82 -82 -82 1041583 407250 0 34975 297073 108376 158750 29947 237249 86552 126781 23916 18296 6675 9777 1844 171604 62603 91702 17299 40643 14827 21719 4097 6414 6414 9400 9400 19000 19000 26043 23014 1693 1336 8044 7240 523 281 2031 1828 203 33755 33755 4431 3988 443 PROGRAM EXPENSES 157824 157824 57616 50974 6642 1089423 576656 434047 78720 145747 170856 30496 1419 24547 31497 14331 8968 5715 5363 1102307 1154400 1308812 1363535 4796 56247 82295 42115 87091 98362 X 1221721 1265173 1221721 1265173 1308812 1363535 -47840 91292 0 X 0 1 X 1 0 X 528417 541324 603696 589525 599358 2862320 293682 185241 129826 280408 407250 1296407 822099 726565 733522 869933 1006608 4158727 0 0 0 4158727 33320 25959 35122 62082 35057 191540 33320 25959 35122 62082 35057 191540 37355 787 38142 855419 752524 805999 932802 1041665 4388409 0.94770 0.95040 0.04360 0.04070 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 37,355. 2021 AMOUNT: $ 787. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 19000 19000 1070423 1089423 183942 45986 0 0 146551 140411 159265 183942 630169 945254 18000 18000 18000 19000 73000 36638 35103 39816 45986 157543 236315 14331 8968 5363 5363 X 1132875 91292 91292 1041583 0 1041583 1089423 0 1089423 0 1089423 PART X, LINE 2: THE ASSOCIATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3). HOWEVER, CERTAIN OPERATIONS OF THE ASSOCIATION MAY QUALIFY AS UNRELATED BUSINESS TAXABLE INCOME AND TO THE EXTENT THAT THESE OPERATIONS GENERATE INCOME, THEY WILL BE SUBJECT TO FEDERAL AND STATE TAXES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ASSOCIATION AND HAS CONCLUDED THAT, AS OF JUNE 30, 2023, THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ASSOCIATION'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2020 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE ASSOCIATION 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. X X 0 0 0 0 0 0 0 0 0 RICHARD BRANSON EXECUTIVE DIRECTOR 226856 0 0 0 7200 0 20228 0 19372 0 273656 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED BY THE TREASURER AND THEN PRESENTED TO THE FINANCE COMMITTEE/BOARD OF TRUSTEES PRIOR TO BEING FILED. FORM 990, PART VI, SECTION B, LINE 12C ANY PERSON BEING NOMINATED AND ACCEPTING ELECTION TO THE BOARD OF DIRECTORS SHALL DISCLOSE ANY POTENTIAL CONFLICT OF INTEREST BECAUSE OF PERSONAL, FINANCIAL, LEGAL, OR OTHER FACTORS. IN A CASE WHERE ANY DIRECTOR HAS A SPECIFIC POTENTIAL CONFLICT OF INTEREST OR INVOLVEMENT IN COMPETING ACTIVITIES IN A PARTICULAR MATTER OR OTHERWISE BELIEVES HIS OR HER INTEREST IN A PARTICULAR MATTER MIGHT AFFECT HIS OR HER VOTE ON SUCH MATTER WHETHER IN COMMITTEE OR BOARD MEETINGS, THE DIRECTOR SHALL SO NOTIFY THE PRESIDENT AND SHALL DECLINE TO PARTICIPATE IN ANY DEBATE OR VOTE WITH RESPECT TO SUCH MATTER. THE PRESIDENT WILL REVIEW THIS CONFLICT OF INTEREST POLICY WITH THE BOARD ANNUALLY, AND EACH DIRECTOR WILL SIGN THE CONFLICT OF INTEREST STATEMENT ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD USES COMPARABLE DATA FROM SIMILAR ORGANIZATIONS THROUGHOUT THE U.S. IN BENCHMARKING THE EXECUTIVE DIRECTOR'S COMPENSATION. INFORMATION IS PROVIDED BY THE NATIONAL BUSINESS OFFICERS ASSOCIATION. USING THIS INFORMATION, THE EXECUTIVE COMMITTEE MAKES ITS RECOMMENDATION TO THE BOARD AND THE BOARD APPROVES IN AN INDEPENDENT VOTE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST.