2025-01-22T10:17:02-06:00 2024-06-30 020327524 NATHAN WECHSLER & COMPANY PA 70 COMMERCIAL ST 4TH FLOOR CONCORD NH 03301 990 2023-07-01 020147630 HOLDERNESS SCHOOL HOLD 6035361748 CHAPEL LANE PO BOX 1879 PLYMOUTH NH 032641879 WALTER SCHAEFFLER CFO 6035361748 2025-01-21 1 0 ORESTE J MOSCA P00366101 6032245357 2025-01-21 2023 2024-10-15 13:58:12Z WALTER SCHAEFFLER CHAPEL LANE PO BOX 1879 PLYMOUTH NH 032641879 28783790 0 X HTTP://WWW.HOLDERNESS.ORG/ X 1879 NH A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL SERVING STUDENTS IN GRADES 9-12. 28 28 142 28 0 0 5411931 2395005 22011142 22932087 1020148 1844317 0 0 28443221 27171409 4593872 5006124 0 0 12857212 13324478 0 0 2440302 10491954 11781865 27943038 30112467 500183 -2941058 152158386 156958028 21238840 21224646 130919546 135733382 HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 0 0 23874191 5006124 22932087 LOCATED IN PLYMOUTH, NEW HAMPSHIRE, HOLDERNESS SCHOOL IS A TRADITIONAL INDEPENDENT CO-ED BOARDING SCHOOL WITH AN ENROLLMENT OF 312. SERVING GRADES 9-12, HOLDERNESS SCHOOL PROVIDES A CHALLENGING COLLEGE PREPARATORY CURRICULUM AND SPECIAL PROGRAMS IN ACADEMICS, THE ARTS, THE OUTDOORS, STUDENT LEADERSHIP, AND ATHLETICS INCLUDING WINTER SPORTS. HOLDERNESS SCHOOL FOSTERS EQUALLY THE RESOURCES OF THE MIND, BODY, AND SPIRIT IN THE CREATION OF A CARING COMMUNITY, INSPIRING ALL TO WORK FOR THE BETTERMENT OF HUMANKIND AND GOD'S CREATION. 23874191 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 119 0 1 142 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X WALTER SCHAEFFLER 6035361748 THE HOLDERNESS SCHOOL PLYMOUTH NH 03264 ANDREW DAVIS MEMBER OF BOARD 2.00 X 0 0 0 ANNE LOMPO MEMBER OF BOARD 2.00 X 0 0 0 BURGWELL HOWARD MEMBER OF BOARD 2.00 X 0 0 0 CECILY CUSHMAN MEMBER OF BOARD 2.00 X 0 0 0 CHRISTOPHER DAVENPORT MEMBER OF BOARD 2.00 X 0 0 0 CHRIS KEATING SECRETARY 2.00 X X 0 0 0 CHRISTOPER MARTIN MEMBER OF BOARD 2.00 X 0 0 0 CJ VINCENT MEMBER OF BOARD 2.00 X 0 0 0 CLARISSA LEE MEMBER OF BOARD 2.00 X 0 0 0 COURTNEY PESCHEL MEMBER OF BOARD 2.00 X 0 0 0 JOE MILES MEMBER OF BOARD 2.00 X 0 0 0 JOHN HAYES CHAIRMAN OF THE BOARD 2.00 X X 0 0 0 KARYN CAMPBELL MEMBER OF BOARD 2.00 X 0 0 0 KAT ALFOND MEMBER OF BOARD 2.00 X 0 0 0 KATIE CRUMBO MEMBER OF BOARD 2.00 X 0 0 0 LIZ GARDNER MEMBER OF BOARD 2.00 X 0 0 0 MIKE MURCHIE MEMBER OF BOARD 2.00 X 0 0 0 MORGAN WHEELOCK MEMBER OF BOARD 2.00 X 0 0 0 NELL REYNOLDS MEMBER OF BOARD 2.00 X 0 0 0 PAUL JOHN FERRI MEMBER OF BOARD 2.00 X 0 0 0 PHILIP KISTLER MEMBER OF BOARD 2.00 X 0 0 0 RICHARD VIEIRA TREASURER 2.00 X X 0 0 0 ROBERT HIRSCHFELD MEMBER OF BOARD 2.00 X 0 0 0 ROBERT KINSLEY MEMBER OF BOARD 2.00 X 0 0 0 SANDER VAN OTTERLOO MEMBER OF BOARD 2.00 X 0 0 0 SIMON PARMETT MEMBER OF BOARD 2.00 X 0 0 0 SUNG YOU MEMBER OF BOARD 2.00 X 0 0 0 WENDY MCADAM MEMBER OF BOARD 2.00 X 0 0 0 JOHN MCVEIGH HEAD OF SCHOOL 60.00 X 450263 0 54518 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 60.00 X 253208 0 73579 MARGOT RILEY CHIEF OPERATING OFFICER 40.00 X 167126 0 28785 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 40.00 X 195877 0 48382 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 40.00 X 163317 0 48425 DAVID FLYNN DIR. OF ADMISSIONS 40.00 X 136442 0 43020 KATHLEEN KIME DIRECTOR OF MAJOR GIFTS 40.00 X 135537 0 13110 ANTHONY LEMENAGER DIRECTOR OF FACILITIES 40.00 X 129938 0 40848 BRUCE BARTON ASSISTANT DIRECTOR OF LEADERSHIP GIVING 40.00 X 126038 0 40213 DARREN MOORE DIRECTOR OF ANNUAL FUND 40.00 X 116856 0 31001 1874602 0 421881 10 0 1 0 KNOWER ACADEMICS LLC 50 HIGHLAND STREET PLYMOUTH NH 03264 TUTORING 619883 GRENZEBACH GLIER & ASSOCIATES INC 200 S MICHIGAN AVE STE 2100 CHICAGO IL 60604 PHILANTHROPIC MANAGEMENT 128826 2 2395005 155233 2395005 TUITION AND FEES 900099 21443485 21443485 SCHOOL ACTIVITY REVENUE 900099 766359 766359 SUMMER PROGRAM REVENUE 900099 722243 722243 22932087 1227458 1227458 2225989 3251 1612381 0 613608 3251 616859 616859 27171409 22932087 0 1844317 X 5006124 5006124 1598118 787453 548129 262536 8193675 5954966 1218175 1020534 669383 526133 76588 66662 2200453 1676929 291755 231769 662849 489302 99943 73604 23215 23215 66534 66534 669838 669838 201025 33421 83802 83802 383225 97039 41335 244851 533760 496473 29437 7850 2608663 2426428 143870 38365 349008 89720 97890 161398 63951 12790 47963 3198 479296 442869 28758 7669 3705140 3423550 222308 59282 RESIDENTIAL SERVICES 713971 713971 BAD DEBT 525974 525974 ATHLETICS 426591 426591 SUPPLIES 386600 99384 108434 178782 645074 645074 30112467 23874191 3797974 2440302 2200 950 12060971 11155064 3784865 794870 48514 90196 150010 145842 130930 261112 99835860 35476079 66054643 64359781 66832907 76734238 3093346 3415975 152158386 156958028 1025643 1033970 5539737 5682250 14613460 14408216 60000 100210 21238840 21224646 X 73771670 73801490 57147876 61931892 130919546 135733382 152158386 156958028 X -2941058 7432265 322629 X X 0 1 X 1 0 X 10203838 4246187 7714152 5411931 2395005 29971113 10203838 4246187 7714152 5411931 2395005 29971113 5494681 24476432 782913 842229 972994 929974 1227458 4755568 34726681 103115504 0.70480 0.55030 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 68044090 283129 8443013 1213578 -2063380 339157 77280877 61804719 2650221 5625355 1169543 537913 328749 68044090 69040399 428445 -5495217 1084545 777895 306468 61804719 53941796 251658 16957914 1052786 757628 300555 69040399 54922507 244613 809570 968558 902774 163562 53941796 0.25969 0.35311 0.38720 0 0 1446004 1446004 88544529 30290949 58253580 9157888 5185130 3972758 687439 687439 64359781 DEFERRED COMPENSATION 100210 100210 X 28715496 7432265 7432265 21283231 669838 5218340 5888178 27171409 23684251 0 23684251 669838 5758378 6428216 30112467 PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS ARE COMPRISED OF THE ORIGINAL VALUE OF GIFTS AND ALL SUBSEQUENT GIFTS DONATED TO THE PERMANENT ENDOWMENT TO BE USED PRIMARILY FOR SCHOLARSHIPS, FACULTY ENRICHMENT, AND PLANT MAINTENANCE. TERM AND BOARD DESIGNATED ENDOWMENT FUNDS ARE TO BE USED FOR VARIOUS PURPOSES SIMILAR TO THOSE OF THE PERMANENT ENDOWMENT FUNDS. PART X, LINE 2: THE SCHOOL HAS ADOPTED THE PROVISIONS OF FASB ASC 740, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ACCORDINGLY, MANAGEMENT HAS EVALUATED THE SCHOOL'S TAX POSITIONS AND CONCLUDED THE SCHOOL HAD MAINTAINED ITS TAX-EXEMPT STATUS, DOES NOT HAVE ANY SIGNIFICANT UNRELATED BUSINESS INCOME AND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE IN THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE SCHOOL IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL OR STATE TAX AUTHORITIES FOR TAX YEARS BEFORE 2021. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 5,006,124. PRE-CONSTRUCTION EXPENSE 212,216. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASSISTANCE TO INDIV (SHOWN NET AGAINST PROGRAM SVC REVENUE ON FINANCIAL REP) 5,006,124. CHANGE IN BAD DEBT EXPENSE 540,038. PRE-CONSTRUCTION EXPENSE 212,216. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL INCLUDES THIS IN ITS SCHOOL HANDBOOK. IN ADDITION, THE SCHOOL PUBLISHES THIS INFORMATION IN NEWSPAPERS THROUGH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. 1 FINANCIAL AID TO STUDENTS 124 5006124 FAIR MARKET VALUE TUITION REDUCTION PART I, LINE 2: FINANCIAL AID ASSISTANCE THAT IS AWARDED TO INDIVIDUAL STUDENTS WHO ATTEND THE SCHOOL IS APPLIED DIRECTLY TO EACH STUDENT'S TUITION ACCOUNT, THUS USED FOR TUITION PURPOSES ONLY. X 1 0 X X X X 0 1 0 0 0 0 0 0 0 JOHN MCVEIGH HEAD OF SCHOOL 450263 0 0 0 0 0 24890 0 29628 0 504781 0 0 0 WALTER SCHAEFFLER CHIEF FINANCIAL OFFICER 251668 0 1540 0 0 0 43951 0 29628 0 326787 0 0 0 MARK STURGEON EXECUTIVE DIRECTOR OF ADVA 194627 0 1250 0 0 0 18766 0 29616 0 244259 0 0 0 TOBI PFENNINGER ASSOC HEAD OF SCHOOL 160317 0 3000 0 0 0 27585 0 20840 0 211742 0 0 0 MARGOT RILEY CHIEF OPERATING OFFICER 166046 0 1080 0 0 0 15263 0 13522 0 195911 0 0 0 DAVID FLYNN DIR. OF ADMISSIONS 135462 0 980 0 0 0 13637 0 29383 0 179462 0 0 0 ANTHONY LEMENAGER DIRECTOR OF FACILITIES 128988 0 950 0 0 0 11609 0 29239 0 170786 0 0 0 BRUCE BARTON ASSISTANT DIRECTOR OF LEADERSHIP GIV 122758 0 3280 0 0 0 11048 0 29165 0 166251 0 0 0 PART I, LINE 1A ON CAMPUS HOUSING IS PROVIDED FOR THE HEAD OF SCHOOL AND OTHER FACULTY MEMBERS WHO ALL HAVE IN-HOUSE RESIDENT RESPONSIBILITIES AND FOR THE CONVENIENCE OF HOLDERNESS SCHOOL. A NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2012-03-01 4500000 RENOVATION AND FURNISHING OF CAMPUS BUILDINGS 0 0 0 B NEW HAMPSHIRE HEALTH AND EDUCATION FACILITIES AUTHORITY 020279866 2014-04-23 4500000 CAPITAL EXPENDITURES FOR CAMPUS BIOMASS SYSTEM 0 0 0 A 4500000 4500000 2011 0 0 1 1 B 4500000 4500000 2015 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 1 B 0 0 0 0 0 0 0 0 1 A 1 B 1 CANDICE MCVEIGH SPOUSE OF JOHN MCVEIGH, HEAD OF SCHOOL 12000 EMPLOYMENT FOR THE ORGANIZATION'S TAX YEAR 0 X 19 154623 FMV ON DONATION DATE X TROUT FOR POND 1 610 COST 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FINAL DRAFT OF THE SCHOOL'S FORM 990 IS REVIEWED AND APPROVED BY THE FULL BOARD (INCLUDING OFFICERS) AT THEIR BOARD MEETING, PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE IS ANNUALLY DISTRIBUTED TO ALL TRUSTEES, OFFICERS, AND KEY EMPLOYEES OF THE SCHOOL IN THE FALL. THESE ARE REVIEWED BY THE AUDIT AND FINANCE COMMITTEE AT THEIR OCTOBER MEETING AND ANY CONFLICTS WHICH MIGHT BE CONSIDERED SERIOUS ARE BROUGHT TO THE BOARD'S ATTENTION AT ITS NEXT MEETING FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD HAS DIRECTED THE HEAD OF SCHOOL TO HIRE AND COMPENSATE THE SENIOR MANAGEMENT BASED ON INDUSTRY BENCHMARK & PERFORMANCE EVALUATION AND REPORT BACK TO THE COMPENSATION COMMITTEE THE COMPENSATION LEVELS OF OFFICERS, KEY AND HIGHLY COMPENSATED EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE SCHOOL'S BUSINESS OFFICE. FORM 990, PART IX, LINE 24E PRE-CONSTRUCTION EXPENSE: PROGRAM SERVICE EXPENSES 212,216. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212,216. GRC: PROGRAM SERVICE EXPENSES 183,647. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 183,647. STUDENT RELATED: PROGRAM SERVICE EXPENSES 150,998. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150,998. FACULTY RELATED: PROGRAM SERVICE EXPENSES 60,321. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 60,321. COURSE RELATED: PROGRAM SERVICE EXPENSES 37,892. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,892. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENT 322,629. PART XII, LINE 2C NO CHANGES FROM THE PRIOR YEAR.