2023-04-12T11:14:47-05:00 2022-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2021-07-01 042526455 INLY SCHOOL INC INLY 7815455544 46 WATCH HILL DRIVE SCITUATE MA 02066 LINDA DEASY DIR OF FINANCE & OPERATIONS 7815455544 2023-04-05 1 LINDA DEASY XXX-XX-XXXX JOHN BUCKLEY CPA P00830631 5083669100 2023-04-05 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z LINDA DEASY 46 WATCH HILL DRIVE SCITUATE MA 02066 10572480 0 X WWW.INLYSCHOOL.ORG X 1973 MA TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE. 12 12 104 60 0 0 1402210 716262 7554766 9632527 13823 9827 0 139893 8970799 10498509 1002976 1086869 0 0 5364678 6089470 0 0 315110 2891949 3155326 9259603 10331665 -288804 166844 15549403 15613460 7459365 7384688 8090038 8228772 INLY'S DYNAMIC, MONTESSORI PRACTICES INSPIRE OUR INCLUSIVE COMMUNITY OF LEARNERS TO EXPLORE AND SHAPE OURSELVES AND THE WORLD WITH JOYFUL CURIOSITY, COURAGE AND COMPASSION. 0 0 7787930 1086869 9702100 TO OPERATE AN INDEPENDENT SCHOOL APPLYING INLY'S DYNAMIC, MONTESSORI PRACTICES FOR TEACHING CHILDREN FROM 18 MONTHS TO 14 YEARS OF AGE. 7787930 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 88 0 1 104 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X DONNA MILANI LUTHER 7815455544 46 WATCH HILL DRIVE SCITUATE MA 02066 X DAVENPORT CROCKER JR PRESIDENT 5.00 X X 0 0 0 STACEY BEST VICE PRESIDENT 4.00 X X 0 0 0 ELIZABETH FEEHERRY SECRETARY 4.00 X X 0 0 0 LISA TYRRELL TREASURER 5.00 X X 0 0 0 PAUL ANTICO TRUSTEE 1.00 X 0 0 0 SANDY KRONITIS-SIPOLS TRUSTEE 1.00 X 0 0 0 CONOR COOPER TRUSTEE 1.00 X 0 0 0 ADAM RUSSO TRUSTEE 1.00 X 0 0 0 MOIRA KELLY TRUSTEE 2.50 X 0 0 0 RYAN PENA TRUSTEE 1.00 X 0 0 0 POLINA HASEOTES TRUSTEE 1.00 X 0 0 0 JUSTIN ENGLISH TRUSTEE (UNTIL 1/26/22) 1.00 X 0 0 0 ELLEN HANSON TRUSTEE 1.00 X 0 0 0 DONNA MILANI LUTHER HEAD OF SCHOOL 40.00 X 373477 0 30546 RICHARD WILSON DIR. FINANCE & OPERATIONS (UNTIL 08/2022) 40.00 X 177797 0 34354 COURTNEY RUSSILLO ADMISSIONS DIRECTOR 40.00 X 128436 0 0 679710 0 64900 3 0 1 0 KROKIDAS & BLUESTEIN LLP 600 ATLANTIC AVE 1900 BOSTON MA 02210 LEGAL SERVICES 123578 1 66330 649932 71807 716262 TUITION AND FEES 611110 9632527 9632527 9632527 9798 9798 2235 2206 29 29 29 142085 66330 71765 70320 70320 MISCELLANEOUS 900099 69573 69573 69573 10498509 9702100 0 80147 1086869 1086869 408207 297991 110216 4689603 3638116 984450 67037 51824 51811 13 535595 384436 139251 11908 404241 284910 105992 13339 125389 63943 57679 3767 22721 11588 10452 681 94891 50330 23640 20921 170759 99175 61428 10156 316614 221630 73869 21115 111231 77862 28920 4449 420604 294423 109357 16824 74163 51914 19282 2967 REMISSIONS 813501 813501 SCHOOL EVENTS 246636 106183 135488 4965 CONTRACTED SERVICES 245592 117184 116611 11797 SCHOOL ACTIVITIES 191593 191593 321632 242462 64202 14968 10331665 7787930 2228625 315110 4670706 3135416 172805 171286 22430 200000 15718 10029 57064 374630 16493615 4911216 10451981 11582399 158699 139700 15549403 15613460 319675 268333 3550424 3800432 1961283 1434753 3315923 193230 0 7459365 7384688 X 7775893 7610019 314145 618753 8090038 8228772 15549403 15613460 166844 -28110 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 314145 418873 -20719 93546 618753 249993 92256 62165 90269 314145 284738 189100 2595 226440 249993 276482 166266 6718 164728 284738 192449 161918 10657 88542 276482 1.00000 0 0 1273938 1273938 14334253 4410876 9923377 885424 500340 385084 11582399 X 8641794 -28110 71765 43655 8598139 1900370 1900370 10498509 8503060 71765 71765 8431295 1900370 1900370 10331665 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, 2022. THE SCHOOL'S INFORMATION AND TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 71,765. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,900,370. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES 71,765. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,900,370. 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 POLICY IS PUBLICIZED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS IN NEW ENGLAND (AISNE), PUBLISHED IN THE BOSTON GLOBE AND ON ITS WEBSITE AT WWW.AISNE.ORG. THE PUBLIC ANNOUNCEMENTS INCLUDES A STATEMENT THAT THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, RELIGIOUS AFFILIATION, NATIONAL AND ETHNIC ORIGIN OR QUALIFIED HANDICAPPED STUDENTS. SPRING AUCTION 208415 66330 142085 15979 14191 6110 35485 208415 66330 142085 15979 14191 6110 35485 71765 70320 0 TUITION ASSISTANCE 76 1086869 BOOK REDUCTION TO TUITION AND FEES X X 0 0 0 0 0 0 0 0 0 DONNA MILANI LUTHER HEAD OF SCHOOL 373477 0 0 0 0 0 26000 0 4546 0 404023 0 0 0 RICHARD WILSON DIR. FINANCE & OPERATIONS (UNTIL 08/ 177797 0 0 0 0 0 17659 0 16695 0 212151 0 0 0 2 TRUSTEES 41086 NEED BASED FINANCIAL AID TUITION REDUCTION X 2470 FMV X 8561 FMV X 10 3947 FMV X GIFT CERTIFICATES 61 21465 FMV X LODGING 7 17101 FMV X MISCELLANEOUS 15 6408 FMV X PAINTINGS/PORTRAITS 9 5790 FMV X TICKETS 12 5416 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE DIRECTOR OF FINANCE AND OPERATIONS PRESENTS THE COMPLETED FORM 990 AND ITS SCHEDULES TO THE MEMBERS OF THE AUDIT WORKING GROUP OF THE BOARD OF TRUSTEES AND THE PRESIDENT AND TREASURER OF INLY SCHOOL FOR REVIEW AND COMMENT. ONCE ALL NECESSARY CHANGES ARE MADE, THE FORM 990 AND ITS SCHEDULES WILL BE PRESENTED TO THE FULL BOARD OF TRUSTEES FOR A FINAL REVIEW AND APPROVAL. UPON APPROVAL, THE FORM 990 AND ITS SCHEDULES WILL BE SIGNED BY THE DIRECTOR OF FINANCE AND OPERATIONS AS A DIRECTED OFFICER OF INLY SCHOOL, DATED AND SUBMITTED BY THE FILING DEADLINE. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS OF THE BOARD OF TRUSTEES ARE REQUIRED TO DISCLOSE IN WRITING IF THEY OR ANY MEMBER OF THEIR FAMILIES, OR ANY ORGANIZATION WITH WHICH THEY ARE AFFILIATED, PRESENTLY TRANSACT ANY BUSINESS OR MIGHT REASONABLY BE EXPECTED TO DO SO IN THE FUTURE. MINUTES OF APPROPRIATE MEETINGS ARE TO REFLECT SUCH DISCLOSURE AND THAT SUCH BOARD MEMBER ABSTAINED FROM VOTING AND WAS NOT COUNTED FOR THE PURPOSE OF DETERMINING A QUORUM. BOARD MEMBERS MAINTAINING NO SUCH RELATIONSHIPS ATTEST TO THAT FACT IN WRITING AND AGREE TO NOTIFY THE BOARD SHOULD THEIR STATUS CHANGE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS ADOPTED A POLICY FOR HIRING AND FOR SETTING COMPENSATION FOR THE HEAD OF SCHOOL WHICH PROVIDES FOR A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THE REVIEW INCLUDES A REVIEW OF COMPARABILITY DATA FROM VARIOUS SOURCES FOR SIMILAR ORGANIZATIONS. THE BOARD WILL RETAIN DOCUMENTATION OF DELIBERATIONS AND DECISIONS. THE ORGANIZATION HAS ADOPTED A POLICY FOR HIRING AND FOR SETTING COMPENSATION FOR OTHER KEY EMPLOYEES WHICH PROVIDES FOR A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THE REVIEW INCLUDES A REVIEW OF COMPENSATION PAID FOR SIMILAR POSITIONS FROM VARIOUS SOURCES FOR SIMILAR ORGANIZATIONS. THE COMPENSATION AMOUNT WILL THEN BE INCLUDED IN AN EMPLOYMENT CONTRACT FOR THESE KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 18 INDIVIDUALS MAY CONTACT THE BUSINESS OFFICE TO SCHEDULE AN APPOINTMENT DURING NORMAL BUSINESS HOURS TO REVIEW THE DOCUMENTS. COPIES WILL BE PROVIDED FOR IN-PERSON, WRITTEN, TELEPHONE OR E-MAIL REQUESTS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.