2024-05-09T15:18:49-05:00 2023-06-30 410746749 CLIFTONLARSONALLEN LLP 29 SOUTH MAIN STREET WEST HARTFORD CT 06107 990 2022-07-01 060646960 TRUSTEES OF WESTMINSTER SCHOOL INC TRUS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 JULIE COLLINS CHIEF FINANCIAL OFFICER 8604083000 2024-05-07 1 JULIE COLLINS XXX-XX-XXXX 0 JOHN TOSCANO P00358542 8605614000 2024-05-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ELAINE WHITE 995 HOPMEADOW STREET SIMSBURY CT 06070 60495961 0 X WWW.WESTMINSTER-SCHOOL.ORG X 1935 CT PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12. 25 24 243 459 21358 0 5063105 5938530 26648332 28821213 907186 5976059 551406 257869 33170029 40993671 6416081 6279969 0 0 15119748 16188682 30000 36930 2783266 17110001 18039126 38675830 40544707 -5505801 448964 238113415 245440097 71607259 72082634 166506156 173357463 PROVIDE EDUCATIONAL PROGRAMS AND RELATED ACTIVITES TO STUDENTS IN GRADES 9 THROUGH 12. 0 0 34740856 6279969 28887343 PROVISION OF EDUCATIONAL PROGRAMS AND RELATED ACTIVITIES TO STUDENTS IN GRADES 9 THROUGH 12 (APPROXIMATELY 423 STUDENTS) 34740856 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 1 1 0 1 0 1 0 0 0 0 1 1 0 0 0 1 123 0 1 243 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X JULIE COLLINS 8604083000 995 HOPMEADOW STREET SIMSBURY CT 06070 BRADFORD RAYMOND CHAIRMAN 2.00 X X 0 0 0 RENEE L CARREL VICE CHAIR 2.00 X X 0 0 0 THOMAS D SARGENT II TREASURER 2.00 X X 0 0 0 SARA L WHITELEY SECRETARY 2.00 X X 0 0 0 JEFFREY H ARTIS TRUSTEE 1.00 X 0 0 0 STEPHEN W BAILEY TRUSTEE 1.00 X 0 0 0 ELIZABETH GAILU BAIRD TRUSTEE 1.00 X 0 0 0 WILLIAM L BECKFORD TRUSTEE 1.00 X 0 0 0 WILLIAM D BREWER TRUSTEE 1.00 X 0 0 0 CHRISTOPHER J CAMPBELL TRUSTEE 1.00 X 0 0 0 EDWARD V DARDANI JR OUTGOING TRUSTEE 1.00 X 0 0 0 HARVEY CHARLES DEMOVICK TRUSTEE 1.00 X 0 0 0 LORI P DURHAM OUTGOING TRUSTEE 1.00 X 0 0 0 MADELEINE EKHOLM TRUSTEE 1.00 X 0 0 0 EUNICE J HAN-VAN VREDENBURCH TRUSTEE 1.00 X 0 0 0 POWELL W HOLLY III TRUSTEE 1.00 X 0 0 0 DAVID H HOVEY JR TRUSTEE 1.00 X 0 0 0 MARTIN R IRANI TRUSTEE 1.00 X 0 0 0 MARTIN KELLY TRUSTEE 1.00 X 0 0 0 DAVID W KISTLER TRUSTEE 1.00 X 0 0 0 JANE KESSLER LENNOX OUTGOING TRUSTEE 1.00 X 0 0 0 BRYAN MARTIN TRUSTEE 1.00 X 0 0 0 THOMAS W MCCARGO TRUSTEE 1.00 X 0 0 0 ANDREW D MCCULLOUGH JR OUTGOING TRUSTEE 1.00 X 0 0 0 IAN MORTON TRUSTEE 1.00 X 0 0 0 MARY MINNS PECK TRUSTEE 1.00 X 0 0 0 GARY SIMPSON OUTGOING TRUSTEE 1.00 X 0 0 0 HELEN SUN LIN TRUSTEE 1.00 X 0 0 0 KIRSTEN SICHLER WEBB TRUSTEE 1.00 X 0 0 0 BENJAMIN D WILLIAMS IV TRUSTEE 1.00 X 0 0 0 ELAINE WHITE HEAD OF SCHOOL 40.00 X 369027 0 100077 JULIE COLLINS CHIEF FINANCIAL OFFICER, ASST TREASURER 40.00 X 270300 0 90125 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 40.00 X 235863 0 74470 SHANNON E O'SHAUGHESSY DIR OF ADVANCEMENT OPERATIONS 40.00 X 229288 0 56080 MARK H DEKANTER ASSOCIATE HEAD OF SCHOOL 40.00 X 189281 0 105992 MILES E BAILEY DEAN OF ADMISSIONS 40.00 X 168300 0 74223 PETER SMITH MEDICAL DIRECTOR 40.00 X 164837 0 48571 WILLARD SISTARE DIRECTOR OF STUDIES 40.00 X 146946 0 52601 1773842 0 602139 20 0 1 0 FLIK COMPASS GROUP USA PO BOX 417632 BOSTON MA 022417632 FOOD SERVICE 1983837 BUILDING ONE FACILITY SERVICES LLC 57 OZICK DRIVE SUITE A DURHAM CT 06422 CLEANING SERVICE 531952 BARTLETT BRAINARD EACOTT INC 70 GRIFFIN ROAD SOUTH BLOOMFIELD CT 06002 CONTRACTOR 250813 DATTCO INC 583 SOUTH STREET NEW BRITAIN CT 06051 BUS SERVICE 196621 WESTBORO TENNIS SURFACES 184 STONE STREET UNIT 4 CLINTON MA 01510 CONTRACTOR 162450 12 5938530 346446 5938530 TUITION AND FEES 611110 28264333 28264333 STUDENT ACTIVITES AND FEES 611110 556880 556880 28821213 6004657 6004657 19336923 19365521 -28598 -28598 -28598 202899 136769 66130 66130 HOCKEY RINK 713940 114900 17100 97800 OTHER REVENUES 611710 56518 56518 RENTAL OF FACILITIES - CAMPS 721000 20321 4258 16063 191739 40993671 28887343 21358 6146440 120000 120000 6159969 6159969 1081380 225591 476748 379041 103746 27421 76325 11286395 8789601 1211883 1284911 967068 784865 111630 70573 1926774 1694100 83700 148974 823319 600795 111008 111516 92496 92496 85752 85752 36930 36930 491474 491474 101367 55942 45425 117390 113117 2733 1540 2806726 2722524 56134 28068 660047 516368 30434 113245 1572465 1525810 31103 15552 5741916 5569140 115184 57592 450528 437012 9011 4505 ACADEMIC DEPARTMENT PRO 2895819 2829238 61459 5122 DINING SERVICES 2147621 2083193 42952 21476 FUNDRAISING AND MARKETI 589512 210483 379029 AUXILIARY SERVICES 209728 204576 3435 1717 76285 71111 3449 1725 40544707 34740856 3020585 2783266 1685588 1910729 31389254 40942825 13126342 11523615 11923441 12852306 158419 149860 966473 749675 134441 159864 164834 100638 181193867 101672878 81795655 79520989 9652623 15786118 86125677 80661093 990668 1082385 238113415 245440097 1257333 1688086 20895790 21954434 48946790 47944089 507346 496025 71607259 72082634 X 99360082 103097041 67146074 70260422 166506156 173357463 238113415 245440097 X 448964 6021519 380824 X X 0 1 X 1 0 X 11911777 8702380 20607220 5063105 5938530 52223012 11911777 8702380 20607220 5063105 5938530 52223012 11577551 40645461 1672702 1219337 877728 1109965 6004657 10884389 85888 73176 42190 204186 21358 426798 252130 93459 78411 37282 170381 631663 64165862 129032131 0.63340 0.67700 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUES - 2018 AMOUNT: $ 252,130. 2019 AMOUNT: $ 93,459. 2020 AMOUNT: $ 78,411. 2021 AMOUNT: $ 37,282. 2022 AMOUNT: $ 170,381. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 120548987 1365425 11031145 1314381 4110619 127520557 145015408 2078268 -21359689 916644 4268356 120548987 106599488 14855327 28610593 905906 4144094 145015408 103043563 4146597 4459328 832308 4217692 106599488 103395635 4957557 90371 878662 4521338 103043563 0.51535 0.48465 0.00000 0 0 4530322 4530322 153328689 88633875 64694814 15005164 8673953 6331211 8329692 4365050 3964642 79520989 EQUITIES 40209842 F HEDGED EQUITY 17540079 F PRIVATE EQUITY 2653747 F ABSOLUTE RETURN 17755870 F CASH EQUIVALENTS 2501555 F 80661093 LIABILITY UNDER SPLIT INTEREST 496025 496025 40183650 6021519 -6476835 -455316 40638966 491474 -136769 354705 40993671 33332343 136769 136769 33195574 491474 6857659 7349133 40544707 PART V, LINE 4: ENDOWMENT FUNDS SUPPORT SCHOLARSHIPS, FACULTY ENRICHMENT, INSTRUCTION, STUDENT ACTIVITIES, AND LIBRARY AND CAPITAL IMPROVEMENTS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS 103,037. FINANCIAL AID/TUITION REMISSION NETTED WITH REVENUE -6,857,659. CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 277,787. PART XI, LINE 4B - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES -136,769. PART XII, LINE 2D - OTHER ADJUSTMENTS: CAMPUS STORE EXPENSES 136,769. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID/TUITION REMISSION NETTED WITH REVENUE 6,857,659. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 WESTMINSTER SCHOOL'S RACIALLY NONDISCRIMINATORY POLICY IS INCLUDED IN INTERNAL AND EXTERNAL COMMUNICATIONS, IN ADDITION TO ITS DISCLOSURE AT THE BOTTOM OF EVERY PAGE OF THE WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 17998000 0 0 0 0 0 0 17998000 0 17998000 1 0 0 0 1 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART I, LINE 3: INVESTMENTS REPORTED ARE HELD AS PART OF THE SCHOOL'S ENDOWMENT. X X X X X 1 COMMUNITY COUNSELLING SERVICE CO LLC PO BOX 824885 PHILADELPHIA PA 191824885 FUNDRAISING CONSULTING 0 29430 0 29430 BIG PHILANTRHOPY LLC 7917 HAMPTON LAKE DR TAMPA FL 33647 FUNDRAISING CONSULTING 0 7500 0 7500 36930 36930 CT 1 TOWN OF SIMSBURY 933 HOPMEADOW STREET SIMSBURY CT 06070 TOWN OF SIMSBURY 120000 0 CHARITABLE CONTRIBUTION 1 0 SCHOLARSHIPS 145 6017869 FMV TUITION ASSISTANCE SUPPLEMENTAL FINANCIAL AID 27 142100 FMV BOOKS, FEES, HEALTH INSURANCE AND ADDITIONAL INCIDENTAL EXPENSES FOR QUALIFIED STUDENTS ON THE BASIS OF NEED. PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY SCHOOL AND STUDENT SERVICES GUIDELINES WHICH PROVIDES A FINANCIAL AID NEED ANALYSIS BASED ON CONFIDENTIAL INFORMATION PROVIDED BY FAMILIES. THE SCHOLARSHIPS ARE AWARDED IN AN OBJECTIVE AND NONDISCRIMINATORY MANNER. ALL SCHOLARSHIPS ARE MADE DIRECTLY AS CREDITS AGAINST STUDENT ACCOUNTS AND NO CASH REFUNDS ARE ISSUED FOR ANY PURPOSE. X X 1 1 X X X 0 1 0 0 0 0 0 0 0 ELAINE WHITE HEAD OF SCHOOL 368263 0 512 0 252 0 38125 0 61952 0 469104 0 0 0 JULIE COLLINS CHIEF FINANCIAL OFFICER, ASST TREASU 268788 0 512 0 1000 0 34369 0 55756 0 360425 0 0 0 NEWELL GRANT DIR OF ADVANCEMENT, ASST SECRETARY 166546 0 512 0 68805 0 21562 0 52908 0 310333 0 68805 0 MARK H DEKANTER ASSOCIATE HEAD OF SCHOOL 185774 0 507 0 3000 0 24125 0 81867 0 295273 0 0 0 SHANNON E O'SHAUGHESSY DIR OF ADVANCEMENT OPERATIONS 159759 0 512 0 69017 0 20384 0 35696 0 285368 0 69017 0 MILES E BAILEY DEAN OF ADMISSIONS 166793 0 507 0 1000 0 21562 0 52661 0 242523 0 0 0 PETER SMITH MEDICAL DIRECTOR 161530 0 507 0 2800 0 17783 0 30788 0 213408 0 0 0 WILLARD SISTARE DIRECTOR OF STUDIES 145405 0 541 0 1000 0 18426 0 34175 0 199547 0 0 0 PART I, LINE 1A CERTAIN EMPLOYEES ARE REQUIRED TO LIVE ON CAMPUS. THE VALUE OF THIS HOUSING IS INCLUDED IN NONTAXABLE BENEFITS. UNDER THE TERMS OF HER EMPLOYMENT AGREEMENT, THE SCHOOL WILL PAY FOR THE HEAD OF SCHOOL'S MEMBERSHIP IN AN APPROPRIATE CLUB FOR PURPOSES OF CONDUCTING SCHOOL BUSINESS AND OTHER ACTIVITIES NECESSARY FOR THE HEAD OF SCHOOL TO CARRY OUT HER RESPONSIBILITIES. PART I, LINE 4B NEWELL GRANT, AND SHANNON O'SHAUGHNESSY PARTICIPATE IN A SECTION 457(F) PLAN, THE BENEFITS FROM WHICH ARE SUBJECT TO VESTING SCHEDULES. EACH RECEIVED PAYMENTS FROM THEIR RESPECTIVE PLANS, WHICH ARE REPORTED AS OTHER REPORTABLE COMPENSATION. A STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y5U2 2014-09-24 20605385 REFUND SERIES E 0 0 0 B STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 20774Y7P6 2019-04-11 9031319 REFUND SERIES F & SERIES G 0 0 0 C STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2021-01-06 19832940 REFUND SERIES I & SERIES J 0 0 0 A 19855000 21070686 344671 20726015 0 1 1 1 B 9050798 3119 180543 8867136 1 0 1 1 C 520000 19905887 222847 19683040 1 0 1 1 A 1 1 0 0 1 0 1 B 0 0 0 0 0.00400 0.00400 1 0 1 C 0 0 1 1 0 1 0 1 A 0 0 0 1 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 1 1 0 0 0 0 0 1 A 1 B 1 C 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: STATE OF CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORI DATE THE REBATE COMPUTATION WAS PERFORMED: 09/24/2019 PART II, LINE 3 THE DIFFERENCE BETWEEN THE BOND ISSUE PRICE AND THE BOND PROCEEDS IS DUE TO INVESTMENT EARNINGS ON THE BOND PROCEEDS. W THOMAS EARL FORMER CFO MORTGAGE X 232000 149860 0 1 1 149860 55630 FINANCIAL AID FINANCIAL AID ERIKA BREWER TRUSTEE'S SPOUSE 76326 COMPENSATION AS DIRECTOR OF PARENT ENGAGEMENT. 0 CHRISTOPHER WHITE SPOUSE OF THE HEAD OF SCHOOL 27421 COMPENSATION AS SCHOOL ATHLETICS EMPLOYEE 0 X 35 346446 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPORTED IN PART I COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE SHALL HAVE THE GENERAL SUPERVISION OF THE AFFAIRS OF THE CORPORATION. BETWEEN MEETINGS OF THE BOARD OF TRUSTEES, THE EXECUTIVE COMMITTEE MAY EXERCISE ALL POWERS OF THE BOARD OF TRUSTEES EXCEPT THOSE SPECIFICALLY DELEGATED TO OTHER COMMITTEES AND THOSE POWERS BY LAW OR UNDER THE BY-LAWS ARE RESERVED EXCLUSIVELY TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED INTERNALLY AND REVIEWED BY INTERNAL MANAGEMENT. THE FORM 990 IS REVIEWED BY OUTSIDE TAX PREPARER. PRIOR TO FILING A COPY IS PROVIDED TO ALL MEMBERS OF THE BOARD OF TRUSTEES. SCHEDULE B - SCHEDULE OF CONTRIBUTORS - IS NOT INCLUDED. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL CONFLICT OF INTEREST DISCLOSURE STATEMENT/QUESTIONNAIRE IS PROVIDED TO ALL BOARD OF TRUSTEE MEMBERS IN THE FALL. THE FORMS ARE RETURNED TO THE HEAD'S OFFICE. IF THERE IS AN ACTUAL OR POTENTIAL CONFLICT IT IS DISCLOSED TO AN OFFICER OF THE ORGANIZATION SO THAT SAFEGUARDS CAN BE ESTABLISHED TO PROTECT ALL PARTIES. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION DETERMINATION - FOR THE HEAD OF SCHOOL - THE CHAIRMAN OF THE BOARD ANUALLY PERFORMS A PERFORMANCE REVIEW AND SETS GOALS WITH THE HEAD OF SCHOOL. COMPARABILITY DATA FROM SCHOOLS OF SIMILAR TYPE ARE REVIEWED. COMPENSATION IS SET FROM THIS REVIEW. THE DELIBERATIONS AND DECISIONS REGARDING COMPENSATION ARE DOCUMENTED. FOR ALL OTHER EMPLOYEES - THE BOARD APPROVES OVERALL SALARY PACKAGES FOR ALL OTHER EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PROVIDED WHEN REQUESTED. FORM 990, PART XI, LINE 9: CHANGE IN ALLOWANCE FOR UNCOLLECTIBLE PLEDGES 277,787. CHANGE IN VALUATION OF SPLIT-INTEREST AGREEMENTS 103,037. PART XI, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. CHARITABLE REMAINDER TRUST (2) CHARITABLE TRUST CT TRUSTEES OF WESTMINSTER SCHOOL INC T 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0