2025-05-15T12:25:49-05:00 2024-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-07-01 042103974 THE CHARLES RIVER SCHOOL INC CHAR 5087850068 56 CENTRE STREET PO BOX 339 DOVER MA 020300339 JAMES MCELLIGOTT TREASURER 5087850068 2025-05-15 1 1 CAITLIN LIMOGES CPA P01633588 5083669100 2025-05-15 2023 2025-03-06 01:10:19Z JAMES MCELLIGOTT 56 CENTRE STREET DOVER MA 02030 16334791 0 X CHARLESRIVERSCHOOL.ORG X 1918 MA CHARLES RIVER SCHOOL IS A PRE-KINDERGARTEN THROUGH GRADE 8 INDEPENDENT SCHOOL THAT HONORS ACADEMIC EXCELLENCE AND CELEBRATES THE JOY OF CHILDHOOD. 22 22 112 24 -20164 0 2040047 1772908 8757296 8593827 378258 435909 29745 15771 11205346 10818415 1144636 967648 0 0 5938719 5754074 0 25000 438718 3696541 3683789 10779896 10430511 425450 387904 30378941 31262918 9739573 9607634 20639368 21655284 CHARLES RIVER SCHOOL IS A PRE-KINDERGARTEN THROUGH GRADE 8 INDEPENDENT SCHOOL THAT HONORS ACADEMIC EXCELLENCE AND CELEBRATES THE JOY OF CHILDHOOD. 0 0 6140505 950230 8025047 SCHOOL - CHARLES RIVER SCHOOL IS A PRE-KINDERGARTEN THROUGH GRADE 8 INDEPENDENT SCHOOL THAT HONORS ACADEMIC EXCELLENCE AND CELEBRATES THE JOY OF CHILDHOOD. 380396 17418 461419 SUMMER PROGRAM - CRS SUMMER IS CHARLES RIVER SCHOOL'S SUMMER SESSION FOR CAMPERS AGES 4-15 OFFERING PROGRAMS IN PERFORMING AND VISUAL ARTS, NATURE, STEM, CIT, AND SPORTS TO EXPLORE AND CULTIVATE INTERESTS AND HAVE FUN. 361681 143296 EXTENDED DAY PROGRAM - THE CRS EXTENDED DAY PROGRAM (EDP) PROVIDES AFTER SCHOOL CARE AS AN EXTENSION OF THE SCHOOL DAY WITH ENRICHMENT ACTIVITIES SUCH AS MARTIAL ARTS, DANCE, AND CREATIVE ARTS, AND TIME TO PLAY. 6882582 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 0 1 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 46 0 1 112 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 22 22 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MA X BETTINA STEVENS 5088750068 56 CENTRE STREET DOVER MA 02030 GABRIEL BURNSTEIN HEAD OF SCHOOL 40.00 X X 148774 0 24930 MARGARET LARKIN HEAD OF SCHOOL (UNTIL 6/30/2023) 40.00 X X 148348 0 19190 LESLIE JACKSON JUDGE PRESIDENT 10.00 X X 0 0 0 LAURA KUNKEMUELLER VICE PRESIDENT 10.00 X X 0 0 0 FRED RAMOS TREASURER (UNTIL 6/30/24) 10.00 X X 0 0 0 HEATHER WILLIS CLERK 10.00 X X 0 0 0 AQUEELA CULBREATH-BRITT BOARD OF TRUSTEES 1.00 X 0 0 0 JOHN FRANTZ BOARD OF TRUSTEES 1.00 X 0 0 0 NANCY GALINDO-RODRIGUEZ BOARD OF TRUSTEES 1.00 X 0 0 0 REBECCA GRIMM BOARD OF TRUSTEES 1.00 X 0 0 0 JAMES MCELLIGOTT BOARD OF TRUSTEES 1.00 X 0 0 0 KRISTINA WESTERLING BOARD OF TRUSTEES 1.00 X 0 0 0 KATE PAGLIA BOARD OF TRUSTEES 1.00 X 0 0 0 BRUCE LEVINE BOARD OF TRUSTEES 1.00 X 0 0 0 ANDREW GALLINARO BOARD OF TRUSTEES 1.00 X 0 0 0 DAVID ITZKOVITS BOARD OF TRUSTEES 1.00 X 0 0 0 GUOPING ZHOU BOARD OF TRUSTEES 1.00 X 0 0 0 MOLLY CUMMINGS CARNEY BOARD OF TRUSTEES 1.00 X 0 0 0 BETH NEWMARK BOARD OF TRUSTEES 1.00 X 0 0 0 TRACY-ANN BAIN BOARD OF TRUSTEES (UNTIL 6/30/24) 1.00 X 0 0 0 WILL WILLIS BOARD OF TRUSTEES 1.00 X 0 0 0 MARK STANEK BOARD OF TRUSTEES (UNTIL 6/30/24) 1.00 X 0 0 0 JOANNA TRAVIS BOARD OF TRUSTEES (UNTIL 6/30/24) 1.00 X 0 0 0 STEVE GINSBERG BOARD OF TRUSTEES (UNTIL 6/30/24) 1.00 X 0 0 0 TESSA STEINERT-EVOY FACULTY REP. (UNTIL 6/30/24) 1.00 X 0 0 0 LILY YEE DIR. OF FINANCE (UNTIL 6/30/24) 40.00 X 156464 0 28268 ELIZABETH CLAYTON ASSOCIATE HEAD OF SCHOOL 40.00 X 152989 0 22006 KATHERINE WHITTEN DIRECTOR OF ADMISSIONS 40.00 X 134309 0 13768 EMILY WALBERG DIR. OF DEVELOPMENT (UNTIL 6/30/24) 40.00 X 122293 0 25684 STEVEN TRUST DIRECTOR OF IT 40.00 X 101044 0 25820 964221 0 159666 9 0 1 0 ME O'BRIEN & SONS INC PO BOX 718 MEDWAY MA 02053 CONSTRUCTION 584695 FLIK PO BOX 417632 BOSTON MA 02241 FOOD 455858 RIVERSIDE SERVICES 179 BOSTON ROAD SOUTHBOROUGH MA 01772 LANDSCAPING IMPROVEMENTS 422454 LOCAL MOTION OF BOSTON INC 161 NORTH STREET NEWTON MA 02460 TRANSPORTATION 148285 BAYTOWNIES LLC 859 WILLARD STREET SUITE 400 QUINCY MA 02169 JANITORIAL SERVICES 139233 7 1772908 32760 1772908 TUITION AND FEES 611110 8025047 8025047 CHARLES RIVER CREATIVE 611110 461419 461419 PROGRAM FEES 900090 107361 107361 8593827 285549 285549 91524 111688 -20164 -20164 -20164 5555048 5404688 150360 150360 150360 OTHER 611110 35935 35935 35935 10818415 8629762 -20164 435909 967648 967648 348860 348860 4335135 2906665 1225213 203257 208772 139381 59644 9747 516237 327435 168943 19859 345070 216035 113928 15107 27979 27979 1024 1024 25000 25000 47308 47308 97805 31622 65659 524 223445 44796 155754 22895 135558 6385 129173 807190 72630 734356 204 182452 174298 6382 1772 16513 2235 14278 272518 267918 4600 884884 852025 32859 FOOD SERVICE 476741 460919 15102 720 CONTRACTUAL SERVICES 213722 36525 177197 MISCELLANEOUS 167993 1411 73954 92628 PROGRAM EXPENSES 70342 70342 58315 572230 -556320 42405 10430511 6882582 3109211 438718 1824335 1014166 89493 118791 32624375 12730930 19048917 19893445 9379945 10209030 36251 27486 30378941 31262918 682083 747328 1272398 1260858 7748841 7571872 36251 27576 9739573 9607634 X 14603973 15011282 6035395 6644002 20639368 21655284 30378941 31262918 387904 628012 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9414650 269750 965536 440906 10209030 8569658 387250 882761 425019 9414650 10425089 85000 -1210431 730000 8569658 8424942 239559 2430588 670000 10425089 8417703 235125 102114 330000 8424942 0.34920 0.30270 0.34810 0 0 867564 867564 30821168 12355842 18465326 935643 375088 560555 19893445 LEASE OBLIGATION 27576 27576 X 10543159 628012 -855960 -227948 10771107 47308 47308 10818415 9527243 111688 111688 9415555 47308 967648 1014956 10430511 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, 2024. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON THE AUDITED FINANCIAL STATEMENTS -967,648. RENTAL EXPENSES INCLUDED IN EXPENSES ON THE AUDITED FINANCIAL STATEMENTS 111,688. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES INCLUDED IN EXPENSES ON THE AUDITED FINANCIAL STATEMENTS 111,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID NETTED WITH REVENUE ON THE AUDITED FINANCIAL STATEMENTS 967,648. 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'S RACIALLY NON-DISCRIMINATORY POLICY IS INCLUDED IN ALL COMMUNICATIONS. SPECIFICALLY, IT WAS ADVERTISED IN THE BOSTON GLOBE NEWSPAPER AS PART OF THE ASSOCIATION FOR INDEPENDENT SCHOOLS IN NEW ENGLAND PUBLIC NOTICE OF NON-DISCRIMINATION. X 1 ROOTSTOCK PHILANTHROPY LLC PO BOX 276 CUMBERLAND ME 04021 FUNDRAISING ADVISORY 0 0 25000 -25000 25000 -25000 MA SCHEDULE G, PART I, LINE 2B, COLUMN (V) CHARLES RIVER SCHOOL ENGAGED ROOTSTOCK PHILANTHROPY LLC FOR FUNDRAISING ADVISORY SERVICES DURING CALENDAR YEAR 2023. ROOTSTOCK PROVIDED STRATEGY FOR ANNUAL FUND ACHIEVEMENT AS WELL AS EXECUTIVE COACHING SERVICES TO THE HEAD OF SCHOOL, GRETCHEN LARKIN, TO SHARPEN HER FUNDRAISING APPROACH, MESSAGING, AND SKILL. THEY DID NOT DIRECTLY PERFORM FRONT LINE FUNDRAISING FOR THE SCHOOL. 1 TUITION FINANCIAL AID 38 967648 PART I, LINE2, PART III, COLUMN (B) FINANCIAL AID IS GRANTED ON THE BASIS OF FINANCIAL NEED AND IS NETTED AGAINST GROSS TUITION AND FEES. DEPENDENTS OF THE SCHOOLS EMPLOYEES PAY TUITION UNLESS THEY QUALIFY ON THE SAME NEED BASIS AS NON-EMPLOYEE STUDENTS. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 LILY YEE DIR. OF FINANCE (UNTIL 6/30/24) 156464 0 0 0 0 0 9125 0 19143 0 184732 0 0 0 ELIZABETH CLAYTON ASSOCIATE HEAD OF SCHOOL 152989 0 0 0 0 0 8666 0 13340 0 174995 0 0 0 GABRIEL BURNSTEIN HEAD OF SCHOOL 148774 0 0 0 0 0 9180 0 15750 0 173704 0 0 0 MARGARET LARKIN HEAD OF SCHOOL (UNTIL 6/30/2023) 148348 0 0 0 0 0 6120 0 13070 0 167538 0 0 0 A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY (MDFA) 043431814 2017-08-10 10350000 TO CONSTRUCT A MIDDLE SCHOOL 0 0 0 A 2635741 10350000 179395 9520605 2018 0 0 1 1 A 0 0 0 0 0 0 0 A 0 0 0 0 0 0 0 0 0 A 0 X TICKETS AND OTHER ITEMS 15 18850 X FOOD 28 13510 X DRUM SETS 1 400 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE COMMITTEE ON TRUSTEES MET ON MARCH 4 AND APRIL 8, 2024. THE COMMITTEE PROPOSED THE NEED FOR MODIFICATIONS TO THE BY-LAWS REGARDING: 1) FACULTY REP TERM FROM 1-YEAR TERM, WITH THE POTENTIAL TO SERVE 3 TERMS, TO ONE 2-YEAR TERM; 2) REPLACE ALL REFERENCES IN THE BY-LAWS TO "PARENT ASSOCIATION" TO "COMMUNITY ASSOCIATION" TO REFLECT THE NEW NAME FOR THIS ORGANIZATION RECENTLY VOTED ON BY THE CRS COMMUNITY; AND, 3) REMOVAL OF LANGUAGE THAT THE BOARD TREASURER POST A BOND, IF REQUESTED, FOR THE REASON THAT THIS IS AN OUTDATED REQUIREMENT THAT HAS NOT BEEN UTILIZED BY THE BOARD IN MODERN TIMES. ALL 3 BY-LAW AMENDMENTS, IF APPROVED BY THE BOARD, WILL BE VOTED UPON BY THE CRS COMMUNITY AT THE ANNUAL MEETING. A VOTE TO APPROVE THE REVISIONS BY THE FULL BOARD FOLLOWED AND PASSED WITH 20 VOTES IN FAVOR. FORM 990, PART VI, SECTION A, LINE 6 ACCORDING TO THE BY LAWS OF THE SCHOOL, MEMBERSHIP IN THE SCHOOL CONSISTS OF THE PARENTS OF THE CHILDREN ENROLLED IN THE SCHOOL, THE BOARD OF TRUSTEES, MEMBERS OF THE EDUCATIONAL STAFF AND PARENT COUNCIL. FORM 990, PART VI, SECTION A, LINE 7A ACCORDING TO THE BY LAWS, THE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS HAVE THE AUTHORITY TO ELECT THE GOVERNING BODY AND APPROVE AMMENDMENTS TO THE BY LAWS. FORM 990, PART VI, SECTION B, LINE 11B A. THE AUDIT AND RISK COMMITTEE WILL CONDUCT A PRELIMINARY REVIEW OF THE DRAFT 990. THE COMMITTEE WILL BE GRANTED THIS AUTHORITY BY THE FULL BOARD AND RECEIVE EXPLICIT TRAINING FROM AN INDEPENDENT PARTY ON HOW TO REVIEW THE 990 TO ENSURE OBJECTIVITY AND ACCURACY IN THE SCHOOL'S REPORTING. B. ONCE ANY EDITS OR CORRECTIONS HAVE BEEN MADE AND REVIEWED BY THE COMMITTEE OR A DESIGNEE ON THE COMMITTEE, THE COMMITTEE WILL THEN RECOMMEND FILING TO THE FULL BOARD. C. THE DRAFT 990 WILL BE INCLUDED IN THE BOARD MATERIALS AS AN APPENDIX ITEM AND ON THE AGENDA FOR BOARD MEMBERS TO ASK ANY QUESTIONS OR CONCERNS. A FULL VOTE WILL THEN BE TAKEN FOR APPROVAL. WITH APPROVAL BY THE FULL BOARD, THE FILING WILL BE MADE BY DECEMBER 31 OR MAY 15 AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C ALL CHARLES RIVER SCHOOL TRUSTEES, OFFICERS, DIRECTORS, AND EMPLOYEES (INCLUDING THOSE NOT INCLUDED IN THE ANNUAL DISCLOSURE PROCESS) ARE SUBJECT TO THE SCHOOL CONFLICT OF INTEREST POLICY AND MUST DISCLOSE ANY TIME WHEN THEY HAVE A FINANCIAL, FAMILY, OR ORGANIZATIONAL CONFLICT. FOR PURPOSES OF THE POLICY STATEMENT AND COMPLIANCE WITH THE STATEMENT, A CONFLICT OF INTEREST EXISTS WHEN DIRECT OR INDIRECT PERSONAL INTERESTS ARE INCONSISTENT WITH OR INTERFERE IN ANY WAY WITH THE BEST INTERESTS OF THE SCHOOL. SUCH CONFLICTS MAY ARISE OUT OF (BUT ARE NOT LIMITED TO): BUSINESS OR FINANCIAL RELATIONSHIPS BETWEEN THE SCHOOL AND A COVERED PARTY OR THEIR IMMEDIATE FAMILY; INVESTMENT RELATIONSHIPS INVOLVING TRUSTEES OR OFFICERS; EMPLOYMENT RELATIONSHIPS BETWEEN THE SCHOOL AND IMMEDIATE FAMILY MEMBERS OF A COVERED PARTY; OR SERVICE TO ANOTHER ORGANIZATION AT THE REQUEST OF THE SCHOOL WHERE THAT ORGANIZATION PROVIDES COMPENSATION. EACH YEAR, THE COMMITTEE ON TRUSTEES OF THE BOARD OF TRUSTEES ASKS ALL BOARD MEMBERS, DIRECTORS, AND OFFICERS TO FILE A DISCLOSURE FORM INDICATING WHETHER THEY HAVE CONFLICT. EACH BOARD MEMBER, DIRECTOR, AND OFFICER WILL SIGN A STATEMENT AFFIRMING THEY: A. HAVE RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY B. HAVE READ AND UNDERSTAND THE POLICY C. HAVE AGREED TO COMPLY WITH THE POLICY FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR CHARLES RIVER SCHOOL OFFICERS INCLUDING THE HEAD OF SCHOOL AND CHIEF FINANCIAL OFFICER AS WELL AS KEY EMPLOYEES RELIES ON DATA FROM COMPARATIVE SCHOOLS OF A SIMILAR SIZE, LOCATION, MISSION, STUDENT POPULATION E.G. PRE-KINDERGARTEN THROUGH GRADE 8 AND LABOR MARKET SURVEY DATA AVAILABLE FROM THE ASSOCIATION OF INDEPENDENT SCHOOLS NEW ENGLAND (AISNE). FOR THE HEAD OF SCHOOL, THIS PROCESS WAS DIRECTED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES TO ENSURE INDEPENDENCE, OBJECTIVITY, AND AVOID CONFLICTS OF INTEREST. THE COMMITTEE ENGAGED AN EXECUTIVE SEARCH FIRM. THE POSITION DESCRIPTION WAS REVISITED AND PROPOSED COMPENSATION ALIGNED CONSIDERING THE FINANCIAL HEALTH OF SCHOOL, CANDIDATE QUALIFICATIONS SUCH AS ACADEMIC PREPARATION AND YEARS OF PROFESSIONAL EXPERIENCE, DEMONSTRATED FIELD LEADERSHIP, AND CHANGES IN THE COMPLEXITY OF THE ROLE. IN ADDITION TO SURVEY DATA, PREVAILING MARKET CONDITIONS WERE ALSO CONSIDERED. ONCE THE LEADING CANDIDATE WAS IDENTIFIED, THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES MADE A RECOMMENDATION TO THE FULL BOARD FOR THE COMPENSATION PACKAGE, SHARING ALL DATA AND COMPENSATION VARIABLES WITH THE BOARD. A FULL VOTE WAS UNDERTAKEN BY THE BOARD TO ENSURE TRANSPARENCY AND APPROPRIATE GOVERNANCE OF THE PROCESS. THE PROCESS WAS DOCUMENTED IN THE MINUTES FROM THE BOARD AND COMMITTEE MEETINGS SO THAT THE DECISION PROCESS, INCLUDING COMPARABILITY DATA USED, WAS MEMORIZED. FOR OTHER KEY EMPLOYEE POSITIONS, SALARIES ARE BENCHMARKED UTILIZING AISNE AND OTHER INDEPENDENT SCHOOL COMPENSATION DATA IS CONSIDERED ALONG WITH INTERNAL AND EXTERNAL BENCHMARKING WITH SUPPORT FROM EXECUTIVE SEARCH FIRMS AS REQUIRED. REASONABLENESS FOR ALL COMPENSATION IS A PRIMARY CONSIDERATION. FORM 990, PART VI, SECTION C, LINE 19 THE SCHOOL MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND THE FORM PC IS FILED WITH THE DIVISION OF PUBLIC CHARITIES. FORM 990, PART XII, LINE 2C: PROCEDURES DID NOT CHANGE FROM PRIOR YEAR.