2026-03-31T12:22:44-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 200 BRICKSTONE SQUARE SUITE 103 ANDOVER MA 01810 990 2024-07-01 060646648 FORMAN SCHOOL INC FORM 8605671807 PO BOX 80 LITCHFIELD CT 06759 AMY CLEMONS HEAD OF SCHOOL 8605671807 2026-03-24 1 0 LUKE BURNETT P01079018 9786202000 2026-03-24 2024 2025-03-06 01:10:19Z AMY CLEMONS PO BOX 80 LITCHFIELD CT 06759 24330489 0 X WWW.FORMANSCHOOL.ORG X 1930 CT THE FORMAN SCHOOL IS AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS WITH IDENTIFIED LEARNING DIFFERENCES. FORMAN DEVELOPS THE WHOLE STUDENT SO THAT ALL GRADUATES BECOME EDUCATED, CONFIDENT, SELF-ADVOCATES THROUGHOUT LIFE. 12 12 143 35 32190 0 3255935 3379419 19819001 19012560 790464 1031807 3897 144601 23869297 23568387 2792427 3024930 0 0 11742176 11848075 0 0 1021543 9190489 8844826 23725092 23717831 144205 -149444 45293570 51299139 10034342 15627643 35259228 35671496 THE FORMAN SCHOOL IS AN INDEPENDENT, COEDUCATIONAL COLLEGE PREPARATORY SCHOOL FOR BOARDING AND DAY STUDENTS WITH IDENTIFIED LEARNING DIFFERENCES. FORMAN DEVELOPS THE WHOLE STUDENT SO THAT ALL GRADUATES BECOME EDUCATED, CONFIDENT, SELF-ADVOCATES THROUGHOUT LIFE. 0 0 18679554 3024930 18929907 OPERATE AND MAINTAIN A PRIVATE SCHOOL (GRADES 9-12) FOR CHILDREN WITH SPECIFIC LEARNING DIFFERENCES AND TO PREPARE THEM FOR A COLLEGE CURRICULUM. 18679554 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 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 58 0 1 143 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X MICHELLE LAMARRE 8605678712 12 NORFOLK ROAD LITCHFIELD CT 06759 ADAM MAN FORMER HEAD OF SCHOOL (UNTIL 06/24) 60.00 X 501408 0 68573 EDWARD KOWALCHICK ASSOC. HEAD OF SCHOOL (UNTIL 06/25) 60.00 X 287529 0 72434 AMY CLEMONS HEAD OF SCHOOL (AS OF 07/24) 60.00 X 238938 0 74859 PETER MALTBY CFO (UNTIL 04/25) 60.00 X 170130 0 29507 JAIME FEINMAN DIR. OF ADMISSION (10/25) 60.00 X 150140 0 38678 MARYELLEN RUTH DIR. OF DIAG. CENTER (UNTIL 05/25) 60.00 X 133618 0 33630 ALLIE MAXWELL ASSISTANT HOS FOR INTERNAL AFFAIRS 60.00 X 116708 0 17682 KERRY CONROY DIR. OF MARKETING & COMMUNICATIONS 60.00 X 115441 0 32071 MARTIN BOZAK DIR.OF OPERATIONS (UNTIL 07/25) 60.00 X 114992 0 24386 MICHAEL COOK PRESIDENT & TRUSTEE 1.00 X X 0 0 0 ANNE QUILHOT BUCKLEY VICE PRESIDENT & TRUSTEE 1.00 X X 0 0 0 BARBARA CHACE VICE PRESIDENT & TRUSTEE 1.00 X X 0 0 0 JOHN FINNERTY TREASURER & TRUSTEE 1.00 X X 0 0 0 ELIZABETH GARBER DANIELS SECRETARY & TRUSTEE 1.00 X X 0 0 0 ANNETTE R JENNER-MATTHEWS TRUSTEE 1.00 X 0 0 0 PREETHI KRISHNA TRUSTEE 1.00 X 0 0 0 CAMERON SHERRILL TRUSTEE 1.00 X 0 0 0 DAVID WHITE TRUSTEE 1.00 X 0 0 0 DANIELLA CAVENAGH TRUSTEE 1.00 X 0 0 0 ROBERT FINLAY TRUSTEE 1.00 X 0 0 0 DENNIS MANNING TRUSTEE 1.00 X 0 0 0 ABE PRONTNICKI TRUSTEE 1.00 X 0 0 0 1828904 0 391820 14 1 1 0 CULINART GROUP PO BOX 417632 BOSTON MA 02241 DINING HALL SERVICES 1518530 PAC GROUP 126 SOUTH MAIN STREET 200 TORRINGTON CT 06790 CONSTRUCTION SERVICES 287703 TOWNE & AURELL INC PO BOX 397 BANTAM CT 06750 REPAIRS & MAINTENANCE 114868 CMJ COMMERCIAL PO BOX 1041 TORRINGTON CT 06790 CLEANING SERVICES 112075 4 3379419 459340 3379419 TUITION INCOME 611110 18504733 18504733 SUMMER PROGRAM 611110 451787 451787 SOCCER CAMP 611600 32190 32190 EDUCATIONAL ACTIVITY FEES 611110 23850 23850 19012560 1056264 1056264 536195 9210 542336 27526 -6141 -18316 -24457 -24457 141777 192240 -50463 -50463 ENERGY EFFICIENT REBATE 611600 149000 149000 OTHER INCOME 611600 46064 46064 195064 23568387 18929907 32190 1226871 3024930 3024930 1094785 107732 620098 366955 190177 38035 114104 38038 8082500 6448287 1326324 307889 507459 398341 89587 19531 1326475 1120125 128968 77382 646679 508991 98209 39479 163997 163997 59922 59922 54180 54180 749446 284443 380085 84918 294542 272349 22193 344106 103574 234725 5807 185153 142179 29754 13220 1676020 1574144 95318 6558 171980 67657 77109 27214 368403 345653 21310 1440 2250582 2111602 130183 8797 541880 508418 31344 2118 FOOD SERVICE 1425737 1425737 DEPARTMENTAL EXPENSES 514578 425406 89168 4 STUDENT SERVICES AND AC 44300 44300 23717831 18679554 4016734 1021543 4381 406949 7395929 8404684 1815965 2262468 44627 164129 227381 189259 892205 408902 65691591 37057788 25185745 28633803 9727337 9552442 1084515 0 191988 45293570 51299139 1288568 1227245 3188488 3573531 2273001 2054494 3284285 8581977 0 190396 10034342 15627643 X 21311303 25437667 13947925 10233829 35259228 35671496 45293570 51299139 X -149444 472968 88744 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9608407 271800 1078434 97078 266660 10594903 8878787 95981 988026 354387 9608407 8587318 32980 604869 345380 8878787 9672725 444399 -1201756 328050 8587318 8181750 37686 1795501 327578 9672725 0.26498 0.56143 0.17359 0 0 1605777 1605777 56357627 30982538 25375089 7254292 6075250 1179042 473895 473895 28633803 LEASE LIABILITIES 190396 190396 21243229 472968 192240 665208 20578021 54180 2936186 2990366 23568387 20830961 192240 192240 20638721 54180 3024930 3079110 23717831 PART V, LINE 4: FORMANS'S ENDOWMENT FUND'ARE USED TO PROVIDE LONG-TERM FINANCIAL SUPPORT FOR THE SCHOOL BY INVESTING THE PRINCIPAL AND USING THE EARNINGS TO ADVANCE FORMAN'S MISSION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 192,240. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,024,930. CONTRIBUTIONS RECEIVABLE ALLOWANCE AND DISCOUNT ADJUSTMENT -88,744. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 192,240. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 3,024,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE FORMAN SCHOOL'S NON-DISCRIMINATION POLICY IS DISPLAYED ON OUR JOB POSTINGS AND ADMISSIONS PUBLICATIONS. IN ADDITION, IT IS ALSO POSTED ON THE HOME PAGE OF THE SCHOOL WEBSITE. SCHEDULE E, PART I, LINE 6 IN SOME CASES, THE FORMAN SCHOOL RECEIVES TUITION PAYMENTS FROM A STUDENT'S HOME PUBLIC SCHOOL DISTRICT. 1 SCHOLARSHIPS 67 3024930 FINANCIAL AID PART I, LINE 2: THE DIRECTOR OF ENROLLMENT MANAGEMENT MONITORS THE FINANCIAL ASSISTANCE PROCESS. ALL FAMILIES MAY APPLY FOR FINANCIAL ASSISTANCE. THE SCHOOL USES A THIRD PARTY VENDOR TO PROCESS ALL REQUESTS FOR ASSISTANCE. X X X 1 1 X X X X X 0 1 0 0 0 0 0 0 0 ADAM MAN FORMER HEAD OF SCHOOL (UNTIL 06/24) 303451 0 24011 0 173946 0 3424 0 65149 0 569981 0 0 0 EDWARD KOWALCHICK ASSOC. HEAD OF SCHOOL (UNTIL 06/25) 287529 0 0 0 0 0 21280 0 51154 0 359963 0 0 0 AMY CLEMONS HEAD OF SCHOOL (AS OF 07/24) 238938 0 0 0 0 0 13000 0 61859 0 313797 0 0 0 PETER MALTBY CFO (UNTIL 04/25) 170130 0 0 0 0 0 14167 0 15340 0 199637 0 0 0 JAIME FEINMAN DIR. OF ADMISSION (10/25) 150140 0 0 0 0 0 11419 0 27259 0 188818 0 0 0 MARYELLEN RUTH DIR. OF DIAG. CENTER (UNTIL 05/25) 133618 0 0 0 0 0 11258 0 22372 0 167248 0 0 0 PART I, LINE 1B FORMAN SCHOOL INC DOES NOT HAVE ANY POLICIES IN PLACE FOR REIMBURSEMENTS FOR HOUSING. NONTAXABLE HOUSING IS PROVIDED TO THE HEAD OF SCHOOL ON CAMPUS AS A CONDITION OF EMPLOYMENT. ADDITIONALLY, THE EMPLOYMENT CONTRACT FOR THE FORMER HEAD OF SCHOOL HAS A PROVISION FOR PERSONAL SERVICES (HOUSEKEEPING) AND REIMBURSEMENT OF SOCIAL CLUB DUES AS NON-TAXABLE BENEFITS WITH A BUSINESS PURPOSE. THE EMPLOYMENT CONTRACT FOR THE CURRENT HEAD OF SCHOOL HAS A PROVISION FOR PERSONAL SERVICES (HOUSEKEEPING) AS NON-TAXABLE BENEFIT WITH A BUSINESS PURPOSE. PART I, LINE 4B THE FORMER HEAD OF SCHOOL, ADAM MAN, RECEIVED A DISTRIBUTION FROM A DEFERRED COMPENSATION PLAN PER THE TERMS OF HIS EMPLOYMENT CONTRACT DURING 2024. SCHEDULE J, PART II ADAM MAN'S TENURE AS HEAD OF SCHOOL ("HOS") ENDED ON JUNE 30, 2024. MAN RECEIVED COMPENSATION AND BENEFITS FOR SERVICES RENDERED AND VACATION PAY THROUGH JUNE 2024. ADDITIONALLY, MAN RECEIVED A DEFERRED COMPENSATION PAYOUT FOR THESE SERVICES RENDERED BEFORE JUNE 30, 2024, WHICH WAS PAID OUT DURING FY25 FOLLOWING MAN'S DEPARTURE FROM THE SCHOOL. AMY CLEMONS'S TENURE AS HEAD OF SCHOOL BEGAN JULY 1, 2024. ACCORDINGLY, WE ARE CAPTURING HER CALENDAR YEAR COMPENSATION AND BENEFITS FOR 2024. A CONNECTICUT HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 060806186 2013-03-28 4700000 REFINANCING AND FINANCING CONSTRUCTION AND EQUIPPING OF BUILDING 0 0 0 A 2546439 4700000 94000 4308417 297583 2014 1 0 1 1 A 0 0 0 0 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 X 3 459340 FAIR MARKET VALUE 0 0 1 0 PART I, COLUMN (B): PART I, COLUMN (B) REPRESENTS THE NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD COMPRISES SIX BOARD MEMBERS WHICH INCLUDE THE PRESIDENT, TWO VICE-PRESIDENTS, SECRETARY, TREASURER, AND A MEMBER AT LARGE. ALL ARE PART OF THE BOARD'S GOVERNING BODY. THE EXECUTIVE COMMITTEE MAY ACT ON BEHALF OF THE BOARD OF TRUSTEES BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED ITS BYLAWS IN THE CURRENT YEAR. THE AMENDMENTS INCLUDED ADDING A CLAUSE TO REQUIRE ANY CONTRACT, OBLIGATION OR COMMITMENT OF THE ORGANIZATION TOTALING $25,000 OR MORE BE APPROVED IN ADVANCE BY THE BOARD OF TRUSTEES. IN ADDITION, A SECTION WAS ADDED FOR INDEMNIFICATION OF TRUSTEES AND OFFICERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORMAN BOARD OF TRUSTEES WILL REVIEW AND APPROVE THE FORM 990 FOLLOWING THEIR JANUARY BOARD MEETING. THE APPROVAL WILL BE RECORDED IN THE MEETING MINUTES AND STORED IN THE TRUSTEE PORTAL. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS/TRUSTEES, AND KEY EMPLOYEES MUST ANNUALLY COMPLETE A CONFLICT OF INTEREST FORM. THE BOARD SECRETARY ENSURES COMPLIANCE. COPIES OF THE SIGNED STATEMENTS ARE MAINTAINED BY THE ASSISTANT TO THE HEAD OF SCHOOL. PRIOR TO THE OCTOBER ANNUAL BOARD MEETING, EACH TRUSTEE COMPLETES A CONFLICT OF INTEREST FORM. THE BOARD CHAIR REVIEWS THE FORMS. THE FULL BOARD DISCUSSES ANY DISCLOSED CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD ENGAGES AN OUTSIDE COMPANY AND BENCHMARKS COMPENSATION FOR THE HEAD OF SCHOOL AGAINST THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS' STANDARDS. BENCHMARKS FROM THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS AND THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS GUIDED COMPENSATION FOR OTHER OFFICERS AND KEY EMPLOYEES. THIS INFORMATION IS REVIEWED AND APPROVED BY THE BOARD IN WHICH THE DELIBERATION AND DECISION PROCESS IS DOCUMENTED. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL HAS MADE THE FORM 990, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE IN A FILE MAINTAINED IN THE SCHOOL'S ADMINISTRATIVE OFFICE, AND THEY ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CONTRIBUTIONS RECEIVABLE ALLOWANCE AND DISCOUNT ADJUSTMENT 88,744.