2023-05-09T19:14:54-05:00 2022-06-30 410746749 CLIFTONLARSONALLEN LLP 29 S MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 042103563 TRUSTEES OF DEERFIELD ACADEMY TRUS 4137740241 PO BOX 87 DEERFIELD MA 013420087 MATTHEW SHEEHY CFO 4137740241 2023-05-06 1 MATTHEW SHEEHY 999009999 JOHN TOSCANO P00358542 8605614000 2023-05-06 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MATTHEW SHEEHY PO BOX 87 DEERFIELD MA 013420087 373701258 0 X WWW.DEERFIELD.EDU X 1797 MA DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 27 25 599 485 3519765 2923690 36305649 101979766 40199335 42685018 65940747 85245775 1224965 598938 143670696 230509497 12392979 13358641 0 0 35594715 37249072 1000 25220 5496571 35516401 30478101 83505095 81111034 60165601 149398463 1240159164 1171961159 81489041 100848882 1158670123 1071112277 X DEERFIELD ACADEMY IS AN INDEPENDENT SECONDARY SCHOOL COMMITTED TO HIGH STANDARDS OF SCHOLARSHIP, CITIZENSHIP, AND PERSONAL RESPONSIBILITY. THROUGH A RIGOROUS LIBERAL ARTS CURRICULUM, EXTENSIVE CO-CURRICULAR PROGRAM, AND SUPPORTIVE RESIDENTIAL ENVIRONMENT, DEERFIELD ENCOURAGES EACH STUDENT TO DEVELOP AN INQUISITIVE AND CREATIVE MIND, SOUND BODY, AND STRONG MORAL CHARACTER. 0 0 61576865 13358641 43213443 DURING THE 2021-2022 ACADEMIC YEAR, 589 BOARDING AND 77 DAY STUDENTS WERE ENROLLED AT DEERFIELD ACADEMY. OUR PROGRAMS OF SECONDARY EDUCATION (GRADES 9-12) INCLUDE THE DEVELOPMENT OF OUR STUDENTS' ACADEMIC AND SCHOLARSHIP SKILLS, CITIZENSHIP AND CHARACTER. COMMUNITY SERVICE, ATHLETIC PROGRAMS AND EXTRA-CURRICULAR ACTIVITIES ARE INTEGRATED AS A PART OF THE SCHOOL'S LONGSTANDING INTELLECTUAL AND MORAL TRADITION. 61576865 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 0 1 0 1 0 1 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 1 202 0 1 599 1 1 1 0 0 0 0 0 0 0 0 0 X 27 25 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 0 0 MA X GREG ROLLAND CONTROLLER 4137741412 DEERFIELD ACADEMY DEERFIELD MA 013420087 SIMMONS BRIAN PRESIDENT 8.00 X X 0 0 0 GOVI LEILA VICE PRESIDENT 5.00 X X 0 0 0 MCINERNEY MARK SECRETARY 3.00 X X 0 0 0 RUTH ALICE TREASURER 2.00 X X 0 0 0 ANDERSON GARY TRUSTEE 2.00 X 0 0 0 CHEN YILUN TRUSTEE 2.00 X 0 0 0 CLARK BENJAMIN TRUSTEE 2.00 X 0 0 0 COLEMAN LINDSEY TRUSTEE 2.00 X 0 0 0 DOWLING III JOSEPH TRUSTEE 2.00 X 0 0 0 FLEMING SR GREGORY TRUSTEE 2.00 X 0 0 0 GREENHILL JOSHUA TRUSTEE 2.00 X 0 0 0 HARSCH AMY TRUSTEE 2.00 X 0 0 0 IDEHEN JR FRANCIS TRUSTEE 2.00 X 0 0 0 KUO STANFORD TRUSTEE 2.00 X 0 0 0 LASHER ROBERT TRUSTEE 2.00 X 0 0 0 LAVELY VANESSA TRUSTEE 2.00 X 0 0 0 LEIST ELIZABETH TRUSTEE 2.00 X 0 0 0 LIPMAN GUSTAVE TRUSTEE 2.00 X 0 0 0 MEAD JR DANA TRUSTEE 2.00 X 0 0 0 MOSLEY DANIEL TRUSTEE 2.00 X 0 0 0 NEWTON DIANA TRUSTEE 2.00 X 0 0 0 PARKER C ALLEN TRUSTEE 2.00 X 0 0 0 QUAZZO STEPHEN TRUSTEE 2.00 X 0 0 0 ROBERTS JANICE TRUSTEE 2.00 X 0 0 0 ROCKEFELLER MARK TRUSTEE 2.00 X 0 0 0 ULLYOT THEODORE TRUSTEE 2.00 X 0 0 0 WEYMOUTH ELIZABETH TRUSTEE 2.00 X 0 0 0 EDWIN ANNA OUTGOING TRUSTEE 2.00 X 0 0 0 AUSTIN JOHN HEAD OF SCHOOL/TRUSTEE 60.00 X 871973 0 135415 FINAN KEITH CFO THROUGH 7/31/2021 60.00 X 290733 0 26044 SHEEHY MATTHEW CFO FROM 8/1/2021 60.00 X 141868 0 49443 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 60.00 X 297162 0 54945 TAYLOR JOHN DEAN OF FACULTY 60.00 X 239548 0 95045 SHELBURNE ERIKA DIRECTOR OF INTL. ADVANCEM 60.00 X 201444 0 34189 MOORE RACHEL DIRECTOR OF LEADERSHIP GIF 60.00 X 189212 0 40847 HILLS IVORY ACADEMIC DEAN 60.00 X 179946 0 80567 DAVIS CHARLES DEAN OF ADMISSION 60.00 X 175523 0 77880 BENSON BRYANT DIRECTOR OF MEDICAL SERVIC 60.00 X 174723 0 79976 2762132 0 674351 32 0 1 0 FONTAINE BROS INC 510 COTTAGE STREET SPRINGFIELD MA 01104 CONSTRUCTION SERVICES 6271191 GINKGO BIOWORKS INC PO BOX 92081 LAS VEGAS NV 89193 HEALTH & TESTING SERVICES 3194330 PREFERRED CONTRACTORS INC 223 CENTER STREET PEMBROKE MA 02359 ICE RINK PRODUCTION 2730836 INTEGRATION PARTNERS 12 HARTWELL AVE LEXINGTON MA 02421 ITS INFRASTRUCTURE SERVICES 598529 MAHAN SLATE ROOFING CO INC PO BOX 2860 SPRINGFIELD MA 01101 ROOFING & REPAIR SERVICES 520560 25 101979766 3750450 101979766 TUITION AND FEES 611710 41546085 41546085 AUXILIARY PROGRAMS 611710 1016115 1016115 SUMMER EDUCATION 611710 122818 122818 42685018 2298116 213375 2084741 225589846 142642187 82947659 82947659 3299866 79647793 1049607 549574 500033 500033 OTHER REVENUE 900099 79444 28392 51052 DINING HALL REVENUE 900099 19461 6524 12937 98905 230509497 43213443 3519765 81796523 320316 320316 13038325 13038325 1778294 234675 1125894 417725 153795 33771 31239 88785 24878191 18376219 4048606 2453366 2438636 1758709 423588 256339 6000209 4362987 1041599 595623 1999947 1428817 367700 203430 385000 385000 83700 83700 25220 25220 972532 972532 926453 369948 295717 260788 31817 7555 10027 14235 960760 456132 394224 110404 1232440 831126 332726 68588 4160393 3919506 200531 40356 885207 709668 29627 145912 476852 407430 57100 12322 1864945 1864945 8660904 8159437 417456 84011 846254 846254 COVID RESPONSE 1634516 852614 781902 FOOD 1607600 1460924 13496 133180 EQUIPMENT 1153549 798553 234877 120119 TEXTBOOKS 360342 358914 1215 213 4234837 1826294 1942588 465955 81111034 61576865 14037598 5496571 26394 13395 24477568 33471586 32231379 20686918 320559 121060 345918 391381 1030139 1524347 378253974 95672947 268629730 282581027 151231357 124761729 761212939 705109022 653181 3300694 1240159164 1171961159 7097573 8882737 3459958 3417521 43546000 61460000 25000000 25000000 2385510 2088624 81489041 100848882 X 439067485 479274190 719602638 591838087 1158670123 1071112277 1240159164 1171961159 149398463 -236956309 0 X X 0 1 X 1 0 X 34636830 18154289 20154510 36305649 101979766 211231044 34636830 18154289 20154510 36305649 101979766 211231044 94895359 116335685 2362622 3188264 4502881 4166261 2084741 16304769 2776517 4711 27622 3359221 3519765 9687836 1238311 1211562 35690 1087945 63989 3637497 240861146 201966483 0.48300 0.64440 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: DINING HALL REVENUE - 2021 AMOUNT: $ 12,937. OTHER REVENUE - 2017 AMOUNT: $ 137,432. 2018 AMOUNT: $ 121,820. 2019 AMOUNT: $ -16,204. 2020 AMOUNT: $ 69,258. 2021 AMOUNT: $ 51,052. OUTSIDE FUNCTION REVENUE - 2017 AMOUNT: $ 14,845. 2018 AMOUNT: $ 16,642. 2019 AMOUNT: $ 14,351. SALES OF INVENTORY - 2017 AMOUNT: $ 987,053. 2018 AMOUNT: $ 1,039,104. SUMMER SPORTS CAMP - 2017 AMOUNT: $ 98,981. 2018 AMOUNT: $ 33,996. 2019 AMOUNT: $ 37,543. GAIN ON BOND REFINANCING - 2020 AMOUNT: $ 1,018,687. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X X EDUCATION 0 863553463 104299240 -148598735 10031118 17948757 791274093 632329934 25616179 231963328 9707258 16648720 863553463 603352392 7573791 46050201 8926394 15720056 632329934 595378477 6564194 24410447 8241481 14759245 603352392 569543991 8181268 60065227 7566898 34845111 595378477 0.34000 0.66000 1 0 5534711 5534711 338561603 72300800 266260803 23487532 16872172 6615360 10670128 6499975 4170153 282581027 INVESTMENTS IN LIMITED PARTNERSHIPS AND ALTERNATIVE ASSETS 705109022 F 705109022 LIFE INCOME OBLIGATIONS 2088624 2088624 -19937614 -236956309 -12518270 -249474579 229536965 972532 972532 230509497 67620232 549574 549574 67070658 972532 13067844 14040376 81111034 PART III, LINE 1A: CONTRIBUTIONS OF ASSETS OTHER THAN CASH ARE RECORDED AT THEIR ESTIMATED FAIR VALUE AT THE DATE OF GIFT EXCEPT THAT CONTRIBUTIONS OF WORKS OF ART, HISTORICAL TREASURES AND SIMILAR ASSETS HELD AS PART OF COLLECTIONS ARE NOT RECOGNIZED OR CAPITALIZED. PART III, LINE 4: DEERFIELD ACADEMY MAINTAINS A COLLECTION OF ART AND HISTORICAL ITEMS FOR USE IN ITS ADVANCEMENT OF STUDENT EDUCATION AND AS A RESOURCE FOR THE STUDY AND EXPLORATION OF ART, HISTORY, CULTURE, CURRENT AFFAIRS, AESTHETICS, AND MEDIA. PART V, LINE 4: ENDOWMENT FUNDS ARE FOR FINANCIAL AID, FACULTY SALARIES, PROFESSIONAL DEVELOPMENT, GENERAL OPERATIONS, AND OTHER. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,574. FINANCIAL AID & TUITION REMISSION -13,067,844. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 549,574. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID & TUITION REMISSION 13,067,844. 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 NONDISCRIMINATION STATEMENT IS AVAILABLE ON OUR WEBSITE. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENTS 433371000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 INVESTMENTS 48151000 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 RECRUITMENT AND DEVELOPMENT 5000 MIDDLE EAST AND NORTH AFRICA 0 0 RECRUITMENT AND DEVELOPMENT 14000 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICE STUDY ABROAD 71000 0 0 0 0 0 0 481612000 0 481612000 1 0 0 1 1 0 PART I, LINE 3: ACCRUAL BASIS IS USED TO ACCOUNT FOR EXPENDITURES. PART III ACCOUNTING METHOD: X X X X 1 RONALD JOYCE 309 OAKWOOD DRIVE YARMOUTH ME 04096 CONSULTS ON CAMPAIGN PLANNING 0 0 14500 0 PENTERA INC 8650 COMMERCE PARK PLACE INDIANAPOLIS IN 46268 CONSULTS ON PLANNED GIVING 0 0 10720 0 25220 1 TOWN OF DEERFIELD 501(C)(3) 169500 15389 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES GENERAL SUPPORT UNITED WAY OF FRANKLIN COUNTY 042212894 501(C)(3) 18330 0 GENERAL SUPPORT DEERFIELD AREA FIRE PROTECTION DISTRICT 501(C)(4) 24000 0 GENERAL SUPPORT SECOND HELPINGS CO EPISCOPAL CHURCH OF SAINTS JAMES AND ANDREW 833210345 501(C)(3) 0 19216 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES GENERAL SUPPORT BIG BROTHERSBIG SISTERS OF FRANKLIN COUNTY 042491950 501(C)(3) 10000 1610 COST OUT-OF-POCKET-EXPENSES WHILE PROVIDING SERVICES GENERAL SUPPORT FOOD BANK OF WESTERN MA 042751023 501(C)(3) 25000 0 GENERAL SUPPORT NORTHAMPTON COMMUNITY ROWING 043532936 501(C)(3) 30000 0 GENERAL SUPPORT 5 1 SCHOLARSHIPS 246 11947220 CASH VALUE TUITION & FEES OTHER STUDENT SUPPORT 102 1091105 CASH VALUE OTHER STUDENT SUPPORT PART I, LINE 2: GRANTS ARE NEEDS-BASED FINANCIAL AID AND ARE PROVIDED VIA A REDUCTION IN TUITION. X X X 1 1 X X X X 0 1 0 0 0 0 0 0 0 AUSTIN JOHN HEAD OF SCHOOL/TRUSTEE 601824 0 0 0 270149 0 55046 0 80369 0 1007388 0 0 0 ROMBERGER ANN CHIEF ADVANCEMENT OFFICER 297162 0 0 0 0 0 37718 0 17227 0 352107 0 0 0 TAYLOR JOHN DEAN OF FACULTY 223798 0 0 0 15750 0 31377 0 63668 0 334593 0 0 0 FINAN KEITH CFO THROUGH 7/31/2021 271233 0 0 0 19500 0 23389 0 2655 0 316777 0 0 0 HILLS IVORY ACADEMIC DEAN 160446 0 0 0 19500 0 23014 0 57553 0 260513 0 0 0 BENSON BRYANT DIRECTOR OF MEDICAL SERVIC 171723 0 0 0 3000 0 23097 0 56879 0 254699 0 0 0 DAVIS CHARLES DEAN OF ADMISSION 168923 0 0 0 6600 0 22517 0 55363 0 253403 0 0 0 SHELBURNE ERIKA DIRECTOR OF INTL. ADVANCEM 186444 0 0 0 15000 0 25622 0 8567 0 235633 0 0 0 MOORE RACHEL DIRECTOR OF LEADERSHIP GIF 169712 0 0 0 19500 0 24408 0 16439 0 230059 0 0 0 SHEEHY MATTHEW CFO FROM 8/1/2021 141868 0 0 0 0 0 17255 0 32188 0 191311 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL IS ALLOWED FOR INTERNATIONAL TRIPS ONLY. CERTAIN PERSONAL SERVICES ARE PROVIDED TO THE HEAD OF SCHOOL AND SPOUSE, TO ASSIST THEM IN FULFILLING THEIR RESPONSIBILITIES AND DUTIES TO THE ACADEMY. THESE POLICIES ARE IN WRITING. EMPLOYEES WHO ARE PROVIDED HOUSING ARE REQUIRED TO LIVE ON CAMPUS AS A CONDITION OF EMPLOYMENT. THESE HOMES ARE AVAILABLE FOR HOUSING VISITORS AND FOR OTHER USES DURING SCHOOL SPONSORED EVENTS. PART I, LINE 4B JOHN AUSTIN PARTICIPATES IN A 457(F) PLAN. A MA DEVELOPMENT FINANCE AGENCY 043431814 2013-05-02 15000000 TO EXPAND AND RENOVATE THE FINE ARTS BUILDING 0 0 0 B MA DEVELOPMENT FINANCE AGENCY 043431814 2020-07-22 60615000 REFUNDING OF SERIES 2010 BONDS AND FOR ANTICIPATED CONSTRUCTION PROJECT 0 0 0 A 12000000 15000000 107600 14892400 2014 0 0 1 1 B 2155000 60615000 39351000 195577 15764495 5303928 1 0 0 0 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MA DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 04/22/2022 ELIZABETH DICKSON SIBLING OF TRUSTEE MEMBER 88785 TOTAL COMPENSATION AND BENEFITS AS DIRECTOR OF THE ANNUAL FUND 0 LORI CLARK SPOUSE OF TRUSTEE MEMBER 17200 TOTAL COMPENSATION AND BENEFITS AS VIS. & PERF. ARTS TEACHER 0 MONICA MATOUK SPOUSE OF HEAD OF SCHOOL 47810 TOTAL COMPENSATION AND BENEFITS AS ENGLISH TEACHER 0 X 1200 FAIR VALUE X 67 3740303 FAIR VALUE X ATHLETIC EQUIPMENT 1 8947 COST 0 1 0 PART I, COLUMN (B): THE AMOUNTS REPORTED IN COLUMN (B) REPRESENT THE NUMBER OF ITEMS DONATED. FORM 990, PART VI, SECTION A, LINE 7A EXISTING BOARD MEMBERS VOTE IN NEW BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B COPIES OF THIS FORM 990 WERE SENT TO THE AUDIT COMMITTEE AND THE BOARD PRESIDENT, VICE PRESIDENT AND TREASURER, WHICH REPRESENTS APPROXIMATELY 30% OF THE ENTIRE BOARD. PRIOR TO FILING, A MEETING WITH THE AUDIT COMMITTEE MEMBERS AND MANAGEMENT TOOK PLACE IN ORDER TO REVIEW THE RETURN AND ANSWER ALL QUESTIONS. THIS FORM 990, EXCLUDING SCHEDULE B, SCHEDULE OF CONTRIBUTORS, WAS PROVIDED TO ALL OTHER MEMBERS OF THE BOARD FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BY-LAWS PROHIBIT A TRUSTEE FROM VOTING, APPROVING, OR MAKING A RECOMMENDATION REGARDING A TRANSACTION BETWEEN THE ACADEMY AND AN ENTITY IN WHICH THE INDIVIDUAL OR A MEMBER OF HIS OR HER FAMILY HAS AN OWNERSHIP INTEREST. MANAGEMENT ANNUALLY REVIEWS CONFLICT OF INTEREST QUESTIONNAIRES TO MONITOR AND ENFORCE COMPLIANCE WITH POLICY. FORM 990, PART VI, SECTION B, LINE 15A DEERFIELD ACADEMY'S BOARD OF TRUSTEES OVERSEES THE COMPENSATION OF THE ACADEMY'S TOP MANAGEMENT OFFICIALS. HEAD OF SCHOOL - THE PERSONNEL & COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES REVIEWS SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR THE POSITION OF HEAD OF SCHOOL TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. MINUTES OF THE PERSONNEL & COMPENSATION COMMITTEE MEETING ARE MAINTAINED DOCUMENTING THE DISCUSSIONS REGARDING THE COMPENSATION SETTING FOR THE HEAD OF SCHOOL. SENIOR STAFF - THE HEAD OF SCHOOL REVIEWS, IN CONJUNCTION WITH THE PRESIDENT OF THE BOARD, SALARY AND PERQUISITE DATA FROM OTHER INDEPENDENT SCHOOLS FOR OTHER TOP MANAGEMENT OFFICIALS, TO ENSURE COMPENSATION IS REASONABLE AND APPROPRIATE TO THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART XII, LINE 2C THE ACADEMY DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. DEERFIELD CARLYLE HOLDING LLC 1209 ORANGE STREET WILMINGTON DE 19801 UNFUNDED REAL ESTATE HOLDING COMPANY DE TRUSTEES OF DEERFIELD ACADEMY