2024-06-10T14:26:46-05:00 2023-08-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-09-01 061135389 THE SOUTHPORT SCHOOL INC SOUT 2032542044 214 MAIN STREET SOUTHPORT CT 06890 BENJAMIN POWERS EXECUTIVE DIRECTOR 2032542044 2024-06-07 1 BENJAMIN POWERS XXX-XX-XXXX 1 LAURA J KENNEY P00202198 6177170831 2024-06-07 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z BENJAMIN POWERS 214 MAIN STREET SOUTHPORT CT 06890 12821373 0 X WWW.SOUTHPORTSCHOOL.ORG X 1985 CT THE MISSION OF THE SOUTHPORT SCHOOL, INC. IS TO PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT HAVE LIFELONG IMPACT ON OUR STUDENTS AS WELL AS THOUGHT LEADERSHIP THAT ENGAGES THE LEARNING DIFFERENCES COMMUNITY. 17 17 64 18 0 0 362899 371786 8364031 8872671 1136267 204972 18214 11418 9881411 9460847 511962 558035 0 0 6082324 6610558 0 0 302617 1835999 2068427 8430285 9237020 1451126 223827 20559212 20718847 9395466 8836773 11163746 11882074 THE MISSION OF THE SOUTHPORT SCHOOL, INC. IS TO PROVIDE TRANSFORMATIVE EDUCATIONAL EXPERIENCES THAT HAVE LIFELONG IMPACT ON OUR STUDENTS AS WELL AS THOUGHT LEADERSHIP THAT ENGAGES THE LEARNING DIFFERENCES COMMUNITY. 0 0 6516299 558035 8061689 THE SOUTHPORT SCHOOL PROVIDES A TRANSFORMATIVE EDUCATIONAL EXPERIENCE FOR STUDENTS IN KINDERGARTEN THROUGH EIGHTH GRADE. ENROLLMENT TOTALED APPROXIMATELY 122 STUDENTS DURING THE SCHOOL YEAR. 837567 816797 THE SOUTHPORT COLAB PROVIDES HIGH QUALITY PROGRAMS IN TRAINING FOR PROFESSIONALS, EDUCATORS AND FAMILIES. ITS MISSION IS TO INTEGRATE RESEARCH, PRACTICE, AND ADVOCACY TO AFFECT POSITIVE OUTCOMES FOR PEOPLE WITH LEARNING AND ATTENTION ISSUES. IN ADDITION, THE COLAB'S COMMUNITY LECTURE SERIES DRAWS LOCAL AND NATIONALLY RECOGNIZED SPEAKERS TO SHARE THEIR EXPERTISE IN THE FIELD OR THEIR EXPERIENCES WITH LEARNING DIFFERENCES. 7353866 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 66 0 64 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X BENJAMIN POWERS 2032542044 214 MAIN STREET SOUTHPORT CT 06890 VIRGINIA K CARGILL CHAIR 1.00 X X 0 0 0 JAMES BRADLEY VICE CHAIR & TREASURER 1.00 X X 0 0 0 ROBERT DISABATO FINANCE CHAIR 1.00 X X 0 0 0 KAREN JEFFERS DIRECTOR 1.00 X 0 0 0 ELLEN BOYLE DIRECTOR 1.00 X 0 0 0 COLLEEN BRANDON DIRECTOR 1.00 X 0 0 0 NATHANIEL MUNDY DIRECTOR 1.00 X 0 0 0 JILL PENGUE DIRECTOR 1.00 X 0 0 0 GEORGE CLARK JR DIRECTOR 1.00 X 0 0 0 PAUL QUINSEE DIRECTOR 1.00 X 0 0 0 SUSAN SMITH ELLIS DIRECTOR 1.00 X 0 0 0 SUZANNE ROBERTS DIRECTOR 1.00 X 0 0 0 RICHARD FERGUSON DIRECTOR 1.00 X 0 0 0 JAMES VOSE DIRECTOR 1.00 X 0 0 0 THERON HOFFMAN DIRECTOR 1.00 X 0 0 0 AMY WATSON DIRECTOR 1.00 X 0 0 0 DAVID HOLTZE DIRECTOR 1.00 X 0 0 0 BENJAMIN POWERS HEAD OF SCHOOL 40.00 X 457033 0 50522 MARGARET MACARI CHIEF FINANCIAL OFFICER 40.00 X 181118 0 14489 JEFFREY RUGGIERO DIRECTOR OF EDUCATION 40.00 X 146919 0 51251 HALLIE BUCKINGHAM HEAD OF UPPER SCHOOL 40.00 X 133756 0 43197 THERESA COLLINS ORTON-GILLINGHAM FELLOW 40.00 X 124238 0 37589 KATHLEEN GALLAGHER HEAD OF LOWER SCHOOL 40.00 X 126875 0 44841 ELIZABETH PERKINS DIRECTOR OF ADVANCEMENT 40.00 X 129391 0 37449 1299330 0 279338 15 0 1 0 0 371786 371786 TUITION AND FEES 611710 7861899 7861899 COLAB PROGRAM 611710 816797 816797 SUMMER SCHOOL TUITION 611710 193975 193975 8872671 215251 215251 31724 26121 5603 5603 5603 3324126 3322022 12383 2104 -12383 -10279 -10279 OTHER INCOME 611710 5815 5815 5815 9460847 8878486 0 210575 558035 558035 625376 494048 106312 25016 4747108 3754163 800464 192481 365615 293000 59283 13332 490308 392526 79779 18003 382151 302183 64495 15473 12783 12783 142826 142826 44130 44130 488117 353055 133862 1200 124983 118447 6536 147051 135776 10747 528 67027 38882 26589 1556 251785 191372 58367 2046 19180 3764 15416 15529 1339 9140 5050 275310 256227 15631 3452 128011 121610 6401 FOOD AND FOOD SERVICE 197439 196013 713 713 OTHER MISC EXPENSES 97262 86432 10830 STUDENT ACTIVITIES 32715 32715 MAINTENANCE SUPPLIES 24279 24279 9237020 7353866 1580537 302617 156137 135364 2114449 1083603 6000 3374741 3741762 252581 83760 12202440 3646058 6293207 8556382 8362097 6931224 0 186752 20559212 20718847 208146 420611 7651390 8387453 1535930 28709 9395466 8836773 X 6996242 7404965 4167504 4477109 11163746 11882074 20559212 20718847 223827 494501 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5737768 7787 573289 54832 196282 6067730 6833191 11315 -858295 64970 183473 5737768 6243011 2774 825431 57387 180638 6833191 5900550 7949 566172 231660 6243011 5968714 6290 150270 224724 5900550 0.27000 0.73000 0.00000 0 0 2405500 2405500 4926626 2106243 2820383 3970769 1078621 2892148 796139 374908 421231 103406 86286 17120 8556382 RIGHT-OF-USE LIABILITY 28709 28709 9379304 494501 26121 520622 8858682 44130 558035 602165 9460847 8660976 26121 26121 8634855 44130 558035 602165 9237020 PART V, LINE 4: INCOME FROM THE SCHOOL'S ENDOWMENT IS USED TO FUND FINANCIAL AID, STAFF ENRICHMENT AND OTHER PROGRAM AND FACILITIES RELATED EXPENSES PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET WITH REVENUE ON THE 990 26,121. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 558,035. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES NET WITH REVENUE ON THE 990 26,121. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 558,035. 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL PUBLICIZES ITS NONDISCRIMINATION POLICY ON THE HOMEPAGE OF ITS WEBSITE, THE ADMISSIONS SECTION OF THE SCHOOL'S WEBSITE, IN ITS VIEWBOOK, AND ON ADMISSIONS APPLICATIONS. SCHEDULE E, PART I, LINE 4 THE SCHOOL DOES NOT REQUIRE APPLICANTS TO DISCLOSE THEIR RACE, SO RECORDS ARE NOT KEPT REGARDING THE RACIAL COMPOSITION OF THE STUDENT BODY. 1 FINANCIAL AID - REGULAR TUITION 25 544535 FINANCIAL AID - SUMMER TUITION 7 13500 PART I, LINE 2: FINANCIAL AID IS APPLIED DIRECTLY TO STUDENT ACCOUNTS AT THE SCHOOL AND IS BASED UPON DEMONSTRATED FINANCIAL NEED. THE SCHOOL'S POLICY IS BASED UPON THE NAIS/SSS (NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL/SCHOOL AND STUDENT SERVICE) METHODOLOGY. PROPER RECORDS AND DOCUMENTATION ARE MAINTAINED TO SUBSTANTIATE THE FINANCIAL NEED ELIGIBILITY OF THE RECIPIENTS. X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 BENJAMIN POWERS HEAD OF SCHOOL 367280 0 0 0 89753 0 30343 0 20179 0 507555 0 0 0 JEFFREY RUGGIERO DIRECTOR OF EDUCATION 141919 0 0 0 5000 0 23039 0 28212 0 198170 0 0 0 MARGARET MACARI CHIEF FINANCIAL OFFICER 181118 0 0 0 0 0 14489 0 0 0 195607 0 0 0 HALLIE BUCKINGHAM HEAD OF UPPER SCHOOL 133756 0 0 0 0 0 23084 0 20113 0 176953 0 0 0 KATHLEEN GALLAGHER HEAD OF LOWER SCHOOL 126875 0 0 0 0 0 16629 0 28212 0 171716 0 0 0 ELIZABETH PERKINS DIRECTOR OF ADVANCEMENT 127391 0 2000 0 0 0 9237 0 28212 0 166840 0 0 0 THERESA COLLINS ORTON-GILLINGHAM FELLOW 124238 0 0 0 0 0 9377 0 28212 0 161827 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RESIDED IN A RESIDENCE OWNED BY THE SCHOOL IN A NEIGHBORING TOWN, FOR THE CONVENIENCE OF THE SCHOOL SO THAT HE MAY CONDUCT BUSINESS OUTSIDE OF NORMAL BUSINESS HOURS. ON AUGUST 7, 2017 THE SCHOOL SOLD THE RESIDENCE TO AN UNRELATED 3RD PARTY. AT THAT TIME THE SCHOOL LOANED THE HEADMASTER $125,000 TOWARDS THE PURCHASE OF A NEW RESIDENCE WITH AN EFFECTIVE INTEREST RATE OF 2.05%. PRINCIPAL AND INTEREST ARE PAYABLE ANNUALLY ON JULY 1 OF 2018, 2019, 2020 2021 AND 2022 UNLESS FORGIVEN. IF THE HEAD OF SCHOOL IS CONTINUALLY EMPLOYED BY THE SCHOOL EACH ANNUAL PAYMENT SHALL BE FORGIVEN. THE LOAN WAS FULLY REPAID BY JUNE 30, 2023. AN ANNUAL HOUSING ALLOWANCE AND FORGIVENESS OF EMPLOYEE LOAN AND INTEREST ARE INCLUDED AS TAXABLE INCOME ON HIS FORM W-2. THE HEAD OF SCHOOL RECEIVES REIMBURSEMENT OF HEALTH CLUB DUES. ANY FULL TIME SCHOOL EMPLOYEE IS ENTITLED TO SUBMIT FOR REIMBURSEMENT UP TO $42 A MONTH. THE HEALTH CLUB DUES ARE INCLUDED AS TAXABLE INCOME ON FORM W-2. PART I, LINE 7 ELIZABETH PERKINS RECEIVED $2,000 BONUS FOR HER PERFORMANCE AND EXTRA EFFORT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE SCHOOL'S ACCOUNTANT & THE CHIEF OPERATING OFFICER, THEN DISTRIBUTED TO THE AUDIT COMMITTEE & THE FULL BOARD FOR THEIR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE SCHOOL, ITS DIRECTORS AND OFFICERS SHALL AT ALL TIMES TAKE SUCH STEPS AS ARE NECESSARY TO ENSURE NO CONFLICT OF INTEREST EXISTS OR OCCURS BETWEEN ANY DIRECTOR OR OFFICER OF THE SCHOOL AND THE SCHOOL OR ITS INTERESTS. ANY DIRECTOR WHO HAS ANY INTEREST, DIRECTLY OR INDIRECTLY, IN ANY ENTITY THAT CONTRACTS WITH OR OTHERWISE SERVES THE SCHOOL SHALL BE DISQUALIFIED FROM VOTING WITH REGARD TO SUCH RELATIONSHIP OR OTHERWISE ACTING IN ANY OFFICIAL CAPACITY ON BEHALF OF THE SCHOOL IN CONNECTION WITH SUCH RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15A THE HEAD OF SCHOOL'S COMPENSATION IS REVIEWED ANNUALLY BY THE CHAIR OF THE BOARD OF DIRECTORS WITH THE ASSISTANCE OF THE EXECUTIVE COMMITTEE. COMPARABLE COMPENSATION DATA IS CONSIDERED DURING THE REVIEW, INCLUDING SALARY DATA FROM PRIOR YEARS' FORM 990, NAIS BENCHMARK DATA, AND THE ANNUAL FAIRCHESTER SURVEY OF ADMINISTRATIVE SALARIES. A RECOMMENDATION IS THEN PROVIDED FOR THE APPROVAL OF THE FULL BOARD. SIMILARLY, COMPENSATION OF ALL EMPLOYEES, INCLUDING OFFICERS, ARE REVIEWED BY THE HEAD OF SCHOOL IN CONJUNCTION WITH COMPARABLE SALARY DATA DERIVED FROM THE ANNUAL FAIRCHESTER SURVEY OF ADMINISTRATIVE SALARIES, THE ANNUAL FAIRCHESTER SURVEY OF SCHOOLS AND DATA SUPPLIED BY THE FAIRFIELD TEACHERS AGENCY REGARDING COMPENSATION AT SCHOOLS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.