PARK SCHOOL CORPORATION: Form 990, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- PARK SCHOOL CORPORATION (EIN 04-2104824)
- Tax period
- 2022-07-01 to 2023-06-30
- Filed
- 2024-05-13
- IRS object ID
- 202441349349301809
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule I
- Schedule J
- Schedule K
- Schedule M
- Schedule O
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-05-13T08:23:28-05:00 | ReturnTs |
| Tax Period End | 2023-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 042571780 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | AAFCPAS INC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 50 WASHINGTON STREET | AddressLine1Txt |
| City | WESTBOROUGH | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 01581 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2022-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 042104824 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PARK SCHOOL CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PARK | BusinessNameControlTxt |
| Phone | 6172772456 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 GODDARD AVENUE | AddressLine1Txt |
| City | BROOKLINE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02445 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | SARA FLEISS | PersonNm |
| Person Title | TREASURER | PersonTitleTxt |
| Phone | 6172772456 | PhoneNum |
| Signature | 2024-05-08 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | SARA | PersonFirstNm |
| Person Last | FLEISS | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JOHN BUCKLEY CPA | PreparerPersonNm |
| PTIN | P00830631 | PTIN |
| Phone | 5083669100 | PhoneNum |
| Preparation | 2024-05-08 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | SARA FLEISS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 GODDARD AVENUE | AddressLine1Txt |
| City | BROOKLINE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02445 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $31,810,662 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | PARKSCHOOL.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1923 | FormationYr |
| Legal Domicile State | MA | LegalDomicileStateCd |
| Activity Or Mission | THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION. THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE, COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL, AND MORAL GROWTH AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY. PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 367 | TotalEmployeeCnt |
| Total Volunteers | 150 | TotalVolunteersCnt |
| Total Gross UBI | $92,305 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $83,704 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,881,527 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,416,091 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $26,666,974 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $29,080,692 | CYProgramServiceRevenueAmt |
| PY Investment Income | $5,066 | PYInvestmentIncomeAmt |
| CY Investment Income | $111,679 | CYInvestmentIncomeAmt |
| PY Other Revenue | $823,428 | PYOtherRevenueAmt |
| CY Other Revenue | $110,796 | CYOtherRevenueAmt |
| PY Total Revenue | $35,376,995 | PYTotalRevenueAmt |
| CY Total Revenue | $31,719,258 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $4,607,588 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,189,303 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $19,223,495 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $17,444,886 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $590,142 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $10,894,712 | PYOtherExpensesAmt |
| CY Other Expenses | $12,095,524 | CYOtherExpensesAmt |
| PY Total Expenses | $34,725,795 | PYTotalExpensesAmt |
| CY Total Expenses | $34,729,713 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $651,200 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,010,455 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $111,523,065 | TotalAssetsBOYAmt |
| Total Assets EOY | $114,621,971 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $31,360,346 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $41,680,158 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $80,162,719 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $72,941,813 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | THE PARK SCHOOL IS DEDICATED TO EXCELLENCE IN EDUCATION. THE CORNERSTONE OF PARK'S PROGRAM IS ACADEMIC EXCELLENCE, COMBINING BOTH HIGH STANDARDS OF SCHOLARSHIP AND THE ENCOURAGEMENT OF EACH CHILD TO DEVELOP TO HIS OR HER GREATEST POTENTIAL. OUR SCHOOL COMMUNITY FOSTERS A NURTURING ENVIRONMENT IN WHICH CHILDREN DEVELOP CURIOSITY, EXPRESS CREATIVITY, APPRECIATE THE VALUE OF HARD WORK AND DISCIPLINE, AND EXPERIENCE THE JOY OF LEARNING. PARK'S FACULTY ENCOURAGES EACH STUDENT TO STRIVE FOR INTELLECTUAL, PHYSICAL, AND MORAL GROWTH AND TO BECOME CONTRIBUTING MEMBERS OF THE COMMUNITY. PARK IS COMMITTED TO BEING A METROPOLITAN, COEDUCATIONAL, DAY SCHOOL OF DIVERSE RACES, RELIGIONS, CULTURES, AND BACKGROUNDS. CENTRAL TO ITS MISSION IS AN APPRECIATION OF SIMILARITIES AND DIFFERENCES OF PERSPECTIVE AND THE INTERDEPENDENCE OF ALL PEOPLE. AS A FAMILY SCHOOL, PARK IS A COMMUNITY IN WHICH THE DIGNITY OF EACH CHILD, TEACHER, AND PARENT IS RESPECTED. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $19,471,840 | ExpenseAmt |
| Grant | $4,535,797 | GrantAmt |
| Revenue | $25,327,200 | RevenueAmt |
| Desc | PARK SCHOOL PROVIDES AN EXCEPTIONAL INDEPENDENT EDUCATION TO 560 STUDENTS ENROLLED FROM PRE-KINDERGARTEN THROUGH EIGHTH GRADE. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,206,827 | ExpenseAmt |
| Grant | $193,589 | GrantAmt |
| Revenue | $1,988,493 | RevenueAmt |
| Desc | SUMMER PROGRAMS - PARK SCHOOL OFFERS TWO SUMMER CAMPS ON CAMPUS TO PROVIDE MISSION-ALIGNED ACTIVITIES FOR CHILDREN IN THE SUMMER MONTHS. CREATIVE ARTS AT PARK IS A 5 WEEK CAMP WHERE CHILDREN AGES 7 TO 15 CAN EXPLORE THE FULL RANGE OF VISUAL AND PERFORMING ARTS. SUMMER AT PARK IS AN ACA-ACCREDITED CAMP FOR CHILDREN AGES 4 TO 15. CAMPERS CAN PARTICIPATE IN A WIDE VARIETY OF PROGRAMS OF VARYING DURATION THROUGHOUT THE SUMMER. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $2,746,561 | ExpenseAmt |
| Grant | $459,916 | GrantAmt |
| Revenue | $1,764,999 | RevenueAmt |
| Desc | AUXILIARY PROGRAMS - PARK SCHOOL PROVIDES AUXILIARY PROGRAMMING TO ENSURE ALL STUDENTS ARE ABLE TO ACCESS THE FULL PARK EXPERIENCE. AUXILIARY PROGRAMS INCLUDE TRANSPORTATION, AFTER-SCHOOL AND ENRICHMENT PROGRAMS, ACADEMIC SUPPORT TEACHING AND LEARNING. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $24,425,228 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | Yes (1) | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | Yes (1) | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (1) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 79 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 367 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KIMBERLY BOYD | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6172772456 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 171 GODDARD AVENUE | AddressLine1Txt |
| City | BROOKLINE | CityNm |
| State Abbreviation | MA | StateAbbreviationCd |
| ZIP | 02445 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| SCOTT YOUNG | ||||||||
| HEAD OF SCHOOL | 40.00 | Yes (X) | Yes (X) | $487,670 | $0 | $67,241 | ||
| JOSEPH ROBBINS | ||||||||
| BOARD CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| LESLEY RYAN MILLER | ||||||||
| VICE CHAIR | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| RAHUL BALLAL | ||||||||
| SECRETARY | 5.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| IDRIS ABDUR RAHIM | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| PETER BARKAN | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| KENT BENNETT | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| LISE CHARLIER | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| NICOLE DANFORTH | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| KEN FRIEZE | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| MAY HARA | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| TIFFANY HOGAN | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| TED NOON | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| REBECCA NORDHAUS | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| FEMI OBI | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| RICHARD QUINCY | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| YOUNG JU RHEE | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| ANNA SINAIKO | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| AMANDA TEO | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| SUSANNA WHITAKER WATERS | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| GREG WOODS | ||||||||
| TRUSTEE | 3.50 | Yes (X) | $0 | $0 | $0 | |||
| SARA FLEISS | ||||||||
| TREASURER | 5.00 | Yes (X) | $0 | $0 | $0 | |||
| KIMBERLY BOYD | ||||||||
| ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS | 40.00 | $235,535 | $0 | $32,716 | Yes (X) | |||
| CAROLE CARTER | ||||||||
| DIRECTOR OF IT | 40.00 | $172,747 | $0 | $9,071 | Yes (X) | |||
| BEATRIX SANDERS | ||||||||
| DIR. OF DEVELOPMENT (UNTIL 6/2022) | 40.00 | $139,070 | $0 | $19,602 | Yes (X) | |||
| MERLE JACOBS | ||||||||
| DIR. OF ENROLLMENT AND ADMISSIONS (UNTIL 6/2023) | 40.00 | $169,091 | $0 | $10,049 | Yes (X) | |||
| SHANNON O'LEARY | ||||||||
| DIRECTOR OF DEVELOPMENT | 40.00 | $140,551 | $0 | $16,819 | Yes (X) | |||
| KENNETH ROGERS | ||||||||
| UPPER DIVISION HEAD | 40.00 | $165,260 | $0 | $36,504 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,509,924 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $192,002 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 43 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| J CALNAN & ASSOCIATES INC | |||||
| 3 BATTERYMARCH PARK | QUINCY | MA | 02169 | CONSTRUCTION SERVICES | $6,898,292 |
| DAVID W WHITE & SON INC | |||||
| 5 JOHNSON ROAD | BOW | NH | 03304 | CONSTRUCTION SERVICES | $2,772,359 |
| FLIK | |||||
| PO BOX 417632 | BOSTON | MA | 02241 | SCHOOL DINING | $1,099,141 |
| LOCAL MOTION | |||||
| 66B ROCSAM PARK ROAD | BRAINTREE | MA | 02184 | STUDENT TRANSPORTATION SERVICES | $713,140 |
| UTILE INC | |||||
| 115 KINGSTON ST | BOSTON | MA | 02111 | ENGINEERING/DESIGN SERVICES | $421,824 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 20 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $2,416,091 | AllOtherContributionsAmt |
| Noncash Contributions | $53,720 | NoncashContributionsAmt |
| Total Contributions | $2,416,091 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION | 611600 | $25,327,200 | $25,327,200 |
| EXTERNAL PROGRAMS | 611600 | $1,988,493 | $1,988,493 |
| AUXILIARY REVENUE | 611600 | $1,764,999 | $1,764,999 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $29,080,692 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $114,159 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $92,305 | UnrelatedBusinessRevenueAmt |
| Exclusion | $21,854 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $147,720 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $36,924 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $110,796 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $110,796 | TotalRevenueColumnAmt |
| Exclusion | $110,796 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $52,000 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $54,480 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$2,480 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$2,480 | TotalRevenueColumnAmt |
| Exclusion | -$2,480 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $31,719,258 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $29,080,692 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $92,305 | UnrelatedBusinessRevenueAmt |
| Exclusion | $130,170 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,189,303 | TotalAmt |
| Program Services | $5,189,303 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $847,186 | TotalAmt |
| Program Services | $114,871 | ProgramServicesAmt |
| Management And General | $600,214 | ManagementAndGeneralAmt |
| Fundraising | $132,101 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,047,963 | TotalAmt |
| Program Services | $9,898,302 | ProgramServicesAmt |
| Management And General | $3,038,823 | ManagementAndGeneralAmt |
| Fundraising | $110,838 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $512,972 | TotalAmt |
| Program Services | $410,874 | ProgramServicesAmt |
| Management And General | $101,343 | ManagementAndGeneralAmt |
| Fundraising | $755 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,248,079 | TotalAmt |
| Program Services | $1,627,497 | ProgramServicesAmt |
| Management And General | $588,593 | ManagementAndGeneralAmt |
| Fundraising | $31,989 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $788,686 | TotalAmt |
| Program Services | $565,388 | ProgramServicesAmt |
| Management And General | $209,928 | ManagementAndGeneralAmt |
| Fundraising | $13,370 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $93,272 | TotalAmt |
| Management And General | $93,272 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $127,961 | TotalAmt |
| Management And General | $127,961 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $386,812 | TotalAmt |
| Management And General | $386,812 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,645,947 | TotalAmt |
| Program Services | $1,835,094 | ProgramServicesAmt |
| Management And General | $1,741,824 | ManagementAndGeneralAmt |
| Fundraising | $69,029 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,115,117 | TotalAmt |
| Program Services | $627,429 | ProgramServicesAmt |
| Management And General | $436,567 | ManagementAndGeneralAmt |
| Fundraising | $51,121 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,147,920 | TotalAmt |
| Program Services | $673,986 | ProgramServicesAmt |
| Management And General | $453,976 | ManagementAndGeneralAmt |
| Fundraising | $19,958 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $401,308 | TotalAmt |
| Program Services | $396,820 | ProgramServicesAmt |
| Management And General | $4,078 | ManagementAndGeneralAmt |
| Fundraising | $410 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $779,423 | TotalAmt |
| Program Services | $513,613 | ProgramServicesAmt |
| Management And General | $250,053 | ManagementAndGeneralAmt |
| Fundraising | $15,757 | FundraisingAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,564,584 | TotalAmt |
| Program Services | $1,690,366 | ProgramServicesAmt |
| Management And General | $822,359 | ManagementAndGeneralAmt |
| Fundraising | $51,859 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| FOOD AND KITCHEN | $1,082,167 | $622,308 | $396,110 | $63,749 |
| EQUIPMENT | $245,721 | $150,604 | $93,086 | $2,031 |
| MISCELLANEOUS | $230,538 | $20,393 | $201,680 | $8,465 |
| PROFESSIONAL DEVELOPMEN | $129,268 | $73,401 | $55,867 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,486 | TotalAmt |
| Program Services | $14,979 | ProgramServicesAmt |
| Management And General | $111,797 | ManagementAndGeneralAmt |
| Fundraising | $18,710 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $34,729,713 | TotalAmt |
| Program Services | $24,425,228 | ProgramServicesAmt |
| Management And General | $9,714,343 | ManagementAndGeneralAmt |
| Fundraising | $590,142 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $9,649,613 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,807,517 | BOYAmt |
| EOY | $7,752,037 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,539,805 | BOYAmt |
| EOY | $5,191,023 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $470,855 | BOYAmt |
| EOY | $71,484 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,141,062 | BOYAmt |
| EOY | $2,297,956 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $73,198,995 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $38,326,919 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $37,198,920 | BOYAmt |
| EOY | $34,872,076 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,215,820 | BOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,149,086 | BOYAmt |
| EOY | $51,622,759 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,165,023 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,523,065 | BOYAmt |
| EOY | $114,621,971 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,475,965 | BOYAmt |
| EOY | $2,905,163 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,753,098 | BOYAmt |
| EOY | $8,842,162 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,575,727 | BOYAmt |
| EOY | $29,895,436 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,555,556 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $37,397 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,360,346 | BOYAmt |
| EOY | $41,680,158 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,216,300 | BOYAmt |
| EOY | $50,625,879 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,946,419 | BOYAmt |
| EOY | $22,315,934 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $80,162,719 | BOYAmt |
| EOY | $72,941,813 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $111,523,065 | BOYAmt |
| EOY | $114,621,971 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,010,455 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $3,381,781 | NetUnrlzdGainsLossesInvstAmt |
| Prior Period Adjustments | -$7,496,811 | PriorPeriodAdjustmentsAmt |
| Other Changes In Net Assets | -$95,421 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preservation Public Use | Yes (X) | PreservationPublicUseInd |
| Protection Natural Habitat | Yes (X) | ProtectionNaturalHabitatInd |
| Total Easements | 3 | TotalEasementsCnt |
| Total Acreage | 11.56 | TotalAcreageCnt |
| States Easements Held | 1 | StatesEasementsHeldCnt |
| Written Policy Monitoring | 0 | WrittenPolicyMonitoringInd |
| Staff Hours Spent Enforcement | 80.00 | StaffHoursSpentEnforcementCnt |
| Expenses Incurred Enforcement | $5,000 | ExpensesIncurredEnforcementAmt |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,909,005 | BeginningYearBalanceAmt |
| Contributions | $39,908 | ContributionsAmt |
| Investment Earnings Or Losses | $3,109,507 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,526,000 | OtherExpendituresAmt |
| End Year Balance | $54,532,420 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $63,017,797 | BeginningYearBalanceAmt |
| Contributions | $32,886 | ContributionsAmt |
| Investment Earnings Or Losses | -$6,601,678 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,540,000 | OtherExpendituresAmt |
| End Year Balance | $53,909,005 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $51,500,537 | BeginningYearBalanceAmt |
| Contributions | $235,488 | ContributionsAmt |
| Investment Earnings Or Losses | $15,081,772 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $3,800,000 | OtherExpendituresAmt |
| End Year Balance | $63,017,797 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $54,826,479 | BeginningYearBalanceAmt |
| Contributions | $65,093 | ContributionsAmt |
| Investment Earnings Or Losses | -$759,035 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,632,000 | OtherExpendituresAmt |
| End Year Balance | $51,500,537 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $53,757,182 | BeginningYearBalanceAmt |
| Contributions | $614,480 | ContributionsAmt |
| Investment Earnings Or Losses | $2,728,817 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $2,274,000 | OtherExpendituresAmt |
| End Year Balance | $54,826,479 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 0.70110 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.17110 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.12780 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | Yes (1) | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | 0 | EndowmentsHeldRelatedOrgInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,774,254 | OtherCostOrOtherBasisAmt |
| Book Value | $6,774,254 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $56,820,303 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,498,632 | DepreciationAmt |
| Book Value | $23,321,671 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,513,361 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,340,970 | DepreciationAmt |
| Book Value | $1,172,391 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $6,091,077 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,487,317 | DepreciationAmt |
| Book Value | $3,603,760 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $34,872,076 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ALTERNATIVE INVESTMENTS | Desc |
| Book Value | $51,622,759 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $51,622,759 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OPERATING LEASE LIABILITIES | Desc |
| Amt | $37,397 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $37,397 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $29,466,427 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | $3,381,781 | NetUnrealizedGainsInvstAmt |
| Other Revenue | -$95,421 | OtherRevenueAmt |
| Revenue Not Reported | $3,286,360 | RevenueNotReportedAmt |
| Revenue Subtotal | $26,180,067 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $386,812 | InvestmentExpensesNotIncldAmt |
| Other Revenues Not Included | $5,152,379 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $5,539,191 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $31,719,258 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $29,190,522 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $36,924 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $36,924 | ExpensesNotReportedAmt |
| Expenses Subtotal | $29,153,598 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $386,812 | InvestmentExpensesNotIncld2Amt |
| Other Expenses Not Included | $5,189,303 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $5,576,115 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $34,729,713 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART II, LINE 9: | CONSERVATION EASEMENTS ARE INCLUDED IN PROPERTY AND EQUIPMENT ON THE SCHOOL'S JUNE 30, 2023 STATEMENT OF FINANCIAL POSITION. THERE WERE NO NEW CONSERVATION EASEMENTS DURING THE FISCAL YEAR ENDING JUNE 30, 2023. |
| PART V, LINE 4: | THE SCHOOL'S PRIMARY OBJECTIVE IS LONG-TERM CAPITAL APPRECIATION WHICH TOGETHER WITH INCOME WILL PROVIDE FOR THE GROWTH OF THE ENDOWMENT WHILE ALLOWING SUPPORT FOR CURRENT ACTIVITIES. THE SCHOOL HAS ADOPTED A SPENDING POLICY WHEREBY A PERCENTAGE OF THE HISTORICAL AVERAGE MARKET VALUE OF THE ENDOWMENT FOR PROGRAM SERVICES AND CAPITAL NEEDS IS DISTRIBUTED AND TREATED AS SUPPORT FOR OPERATING ACTIVITIES. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS NOT FULFILLED BY INTEREST AND DIVIDENDS, THE SCHOOL UTILIZES REALIZED GAINS OF ITS ENDOWMENT. TO THE EXTENT THE TOTAL RETURN REQUIREMENT FOR THE CURRENT YEAR IS EXCEEDED BY INTEREST AND DIVIDENDS, THE SCHOOL ADDS THE EXCESS INCOME TO ITS ENDOWMENT. |
| PART X, LINE 2: | THE SCHOOL ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE SCHOOL HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | LOSS ON EXTINGUISHMENT OF BONDS PAYABLE -95,421. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 5,189,303. RENTAL EXPENSES NETTED WITH REVENUE -36,924. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RENTAL EXPENSES NETTED WITH REVENUE 36,924. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | FINANCIAL AID 5,189,303. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | 0 | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE E, PART I, LINE 3 | FormAndLineReferenceDesc |
| Explanation | THE SCHOOL POSTS ITS NON-DISCRIMINATION POLICY ON THE HOMEPAGE OF THE SCHOOL'S WEBSITE. THE NON-DISCRIMINATION POLICY IS ALSO POSTED ON THE DIVERSITY, EQUITY AND INCLUSION PAGE AND THE CAREERS PAGE OF THE SCHOOL'S WEBSITE. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | FINANCIAL AID | GrantTypeTxt |
| Recipient | 175 | RecipientCnt |
| Cash Grant | $5,189,303 | CashGrantAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | FINANCIAL AID IS AWARDED TO FAMILIES BY COMMITTEE, INCLUDING THE DIRECTOR OF ENROLLMENT, CONTROLLER, AND THE DIRECTOR OF SECONDARY SCHOOL COUNSELING. THE COMMITTEE'S DECISION IS LARGELY BASED UPON THE CALCULATION BY AN ORGANIZATION, SCHOOL AND STUDENT SERVICES (SSS), WHICH IS OWNED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. ONCE THE COMMITTEE AWARDS A GRANT TO A FAMILY, AN EMAIL IS COMMUNICATED TO EACH FAMILY INDICATING THE AWARD, AND A CONTRACT IS EMAILED FOR THE AMOUNT OF TUITION THAT IS DUE FOR THE YEAR. THESE CONTRACTS ARE MAINTAINED IN A SECURE ONLINE STUDENT INFORMATION SYSTEM. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Written Employment Contract | Yes (X) | WrittenEmploymentContractInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SCOTT YOUNG | ||||||||||||||
| HEAD OF SCHOOL | $486,670 | $0 | $1,000 | $0 | $0 | $0 | $39,390 | $0 | $27,851 | $0 | $554,911 | $0 | $0 | $0 |
| KIMBERLY BOYD | ||||||||||||||
| ASSISTANT HEAD OF SCHOOL FOR FINANCE | $234,535 | $0 | $1,000 | $0 | $0 | $0 | $31,264 | $0 | $1,452 | $0 | $268,251 | $0 | $0 | $0 |
| KENNETH ROGERS | ||||||||||||||
| UPPER DIVISION HEAD | $164,260 | $0 | $1,000 | $0 | $0 | $0 | $8,653 | $0 | $27,851 | $0 | $201,764 | $0 | $0 | $0 |
| CAROLE CARTER | ||||||||||||||
| DIRECTOR OF IT | $171,747 | $0 | $1,000 | $0 | $0 | $0 | $8,595 | $0 | $476 | $0 | $181,818 | $0 | $0 | $0 |
| MERLE JACOBS | ||||||||||||||
| DIR. OF ENROLLMENT AND ADMISSIONS (U | $168,091 | $0 | $1,000 | $0 | $0 | $0 | $3,942 | $0 | $6,107 | $0 | $179,140 | $0 | $0 | $0 |
| BEATRIX SANDERS | ||||||||||||||
| DIR. OF DEVELOPMENT (UNTIL 6/2022) | $138,070 | $0 | $1,000 | $0 | $0 | $0 | $6,147 | $0 | $13,455 | $0 | $158,672 | $0 | $0 | $0 |
| SHANNON O'LEARY | ||||||||||||||
| DIRECTOR OF DEVELOPMENT | $139,551 | $0 | $1,000 | $0 | $0 | $0 | $7,125 | $0 | $9,694 | $0 | $157,370 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 1A | FormAndLineReferenceDesc |
| Explanation | SCHEDULE J - PART I TYPE OF BENEFITS: HOUSING NUMBER OF PERSONS LISTED WHO RECEIEVED THE BENEFITS: 1 TAXABILITY OF BENEFITS: NON-TAXABLE | ExplanationTxt |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| A | 043431814 | 2022-08-01 | $5,990,000 | FINANCE CONSTRUCTION | 0 | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| B | 043431814 | 2022-08-01 | $3,630,328 | REFINANCE | 0 | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| C | 043431814 | 2022-08-01 | $15,894,672 | REFINANCE | 0 | 0 | 0 |
| MASSACHUSETTS DEVELOPMENT FINANCE AGENCY | |||||||
| D | 043431814 | 2022-08-01 | $10,485,000 | FINANCE CONSTRUCTION | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | Total ProceedsTotalProceedsAmt | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | UnspentUnspentAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | RetiredRetiredAmt | Capitalized InterestCapitalizedInterestAmt | Other Spent ProceedsOtherSpentProceedsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | $5,990,000 | $90,000 | $5,389,154 | $510,846 | 0 | 0 | 0 | Yes (1) | |||
| B | $3,630,328 | $70,000 | $3,560,328 | Yes (1) | 0 | Yes (1) | Yes (1) | $65,352 | |||
| C | $16,093,304 | $81,000 | Yes (1) | 0 | Yes (1) | Yes (1) | $356,307 | $337,304 | $15,675,000 | ||
| D | $10,485,000 | $156,000 | $5,031,762 | $5,297,238 | 0 | 0 | 0 | Yes (1) |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd |
|---|---|---|---|---|---|---|---|---|---|
| A | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| B | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| C | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 4 | ContributionCnt |
| Noncash Contributions Rpt F990 | $50,684 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | MARKET VALUE | MethodOfDeterminingRevenuesTxt |
Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)
| Non Cash CheckboxNonCashCheckboxInd | DescDesc | ContributionContributionCnt | Noncash Contributions Rpt F990NoncashContributionsRptF990Amt | Method Of Determining RevenuesMethodOfDeterminingRevenuesTxt |
|---|---|---|---|---|
| Yes (X) | PAID FOR COMMITTEE DINNER | 1 | $2,078 | RECEIPT |
| Yes (X) | RED SOX TICKETS | 10 | $750 | FACE VALUE |
| Yes (X) | TICKETS TO BOSTON LYRIC OPERA | 2 | $208 | FACE VALUE |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | 0 | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 7A | ALL PARENTS OF CHILDREN IN ATTENDANCE AT THE PARK SCHOOL ARE MEMBERS OF THE CORPORATION DURING SUCH PERIOD OF ATTENDANCE. ADDITIONALLY, INDIVIDUALS WITH LONG-STANDING CONNECTION TO THE SCHOOL MAY BE INVITED TO BE MEMBERS OF THE CORPORATION BY THE HEAD OF SCHOOL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE SCHOOL'S CONTROLLER AND ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS ARE RESPONSIBLE FOR OVERSEEING THE PREPARATION OF IRS FORM 990 (990). THE 990 AND ITS SUPPORTING SCHEDULES WERE PREPARED BY THE PUBLIC ACCOUNTING FIRM AAFCPAS, INC. AAFCPAS, INC. IS RESPONSIBLE FOR AUDITING THE SCHOOL'S FINANCIAL STATEMENTS. AAFCPAS' WORK WAS BASED ON INFORMATION PROVIDED TO THEM DURING THE COURSE OF THE AUDIT BY THE SCHOOL'S BUSINESS OFFICE AND ADDITIONAL WORK REQUESTED SPECIFIC TO THE 990. THE CONTROLLER AND THE ASSISTANT HEAD OF SCHOOL FOR FINANCE & OPERATIONS PERFORMED A DETAILED REVIEW OF THE COMPLETED 990, REVIEWED THE 990 WITH THE AUDIT AND RISK COMMITTEE OF THE BOARD OF TRUSTEES, AND PROVIDED A COPY OF THE RETURN TO THE BOARD OF TRUSTEES PRIOR TO FILING THE 990. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH MEMBER OF THE BOARD OF TRUSTEES IS REQUIRED TO DISCLOSE AT THE FIRST BOARD MEETING OF EACH YEAR ANY EXISTING OR POTENTIAL CONFLICT OF INTEREST. THE BOARD OF TRUSTEES MAY ALSO PROVIDE FOR SUCH CORRECTIVE ACTION AS IT DEEMS APPROPRIATE BY REASON OF A FAILURE TO DISCLOSE SUCH CONFLICT OF INTEREST, WHICH MAY INCLUDE REMOVAL FROM A POSITION OR OFFICE. DISCLOSURE FORMS SHALL BE UPDATED ANNUALLY OR SOONER IF CHANGED CIRCUMSTANCES REQUIRE DISCLOSURE. ALL PERSONS SUBJECT TO THIS POLICY ARE EXPECTED TO UPDATE THEIR ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST AT ANY TIME DURING THE YEAR THAT THE INFORMATION REQUESTED ON THE FORM CHANGES. THE ADMINISTRATION AND MAINTENANCE OF THE ANNUAL STATEMENT REGARDING CONFLICT OF INTEREST SHALL BE THE RESPONSIBILITY OF THE CHAIR OF THE BOARD OF TRUSTEES, OR HIS/HER DESIGNEE. |
| FORM 990, PART VI, SECTION B, LINE 15A | THE COMMITTEE OF TRUSTEES INITIALLY DETERMINES COMPENSATION FOR THE HEAD OF SCHOOL. PROPOSED COMPENSATION IS THEN REVIEWED AND APPROVED BY THE ENTIRE BOARD OF TRUSTEES. COMPENSATION FOR OTHER KEY EMPLOYEES IS DETERMINED BY THE HEAD OF SCHOOL. THE BOARD OF TRUSTEES VOTES TO APPROVE TOTAL COMPENSATION EXPENSE ON AN ANNUAL BASIS PRIOR TO THE DISTRIBUTION OF EMPLOYMENT CONTRACTS. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND FORM 990 ARE IMMEDIATELY MADE AVAILABLE TO THE PUBLIC BY CALLING THE SCHOOL'S OFFICE, WALKING INTO THE SCHOOL'S OFFICE OR MAILING IN A REQUEST TO THE SCHOOL. THE FORM 990 AND FINANCIAL STATEMENTS ARE ALSO AVAILABLE THROUGH THE MASSACHUSETTS ATTORNEY GENERAL'S OFFICE/WEBSITE. ADDITIONALLY, THE FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC ON THE ELECTRONIC MUNICIPAL MARKET ACCESS WEBSITE. |
| FORM 990, PART IX, LINE 11G | OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 300,775. MANAGEMENT AND GENERAL EXPENSES 419,613. FUNDRAISING EXPENSES 21,690. TOTAL EXPENSES 742,078. CONTRACTUAL SERVICES: PROGRAM SERVICE EXPENSES 1,534,319. MANAGEMENT AND GENERAL EXPENSES 1,322,211. FUNDRAISING EXPENSES 47,339. TOTAL EXPENSES 2,903,869. |
| FORM 990, PART XI, LINE 9: | LOSS ON EXTINGUISHMENT OF BONDS PAYABLE -95,421. |
| FORM 990, PART XII, LINE 2C | THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
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