2023-05-12T12:47:50-05:00 2022-06-30 020476956 TYLER SIMMS & ST SAUVEUR CPAS PLLC 19 MORGAN DRIVE LEBANON NH 03766 990 2021-07-01 020222179 PROCTOR ACADEMY PROC 6037356000 PO BOX 500 ANDOVER NH 03216 BRIAN THOMAS HEAD OF SCHOOL 6037356000 2023-05-12 1 BRIAN THOMAS 999009999 AMBER T MCGONIS CPA P01589070 6036530044 2023-05-08 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z BRIAN THOMAS PO BOX 500 ANDOVER NH 03216 43760585 0 X PROCTORACADEMY.ORG X 1848 NH TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 29 29 289 163 233143 0 6240978 4734753 23478347 25695366 2725291 1586008 55748 119701 32500364 32135828 4896428 5405132 0 0 14655089 14358606 0 0 1595505 10145403 10947504 29696920 30711242 2803444 1424586 95022490 90436453 26905428 26472967 68117062 63963486 X TAKING INSPIRATION FROM OUR MOTTO, PROCTOR ACADEMY CREATES A DIVERSE LEARNING AND LIVING COMMUNITY: ONE THAT VALUES THE INDIVIDUAL AND RECOGNIZES THE POTENTIAL OF EACH MEMBER TO STRETCH BEYOND WHAT HAD BEEN THOUGHT POSSIBLE. BALANCING ACADEMIC RIGOR, STRUCTURE, AND SUPPORT WITH THE FREEDOM FOR STUDENTS TO EXPLORE, CREATE AND DEFINE THEMSELVES, PROCTOR ENCOURAGES STUDENTS TO ACHIEVE THEIR OPTIMAL GROWTH. A DEEP COMMITMENT TO A LEARNING SKILLS PROGRAM AND A STRONG EMPHASIS ON EXPERIENTIAL LEARNING IS INTERWOVEN THROUGHOUT PROCTOR'S ACADEMIC, ATHLETIC, ARTISTIC, AND ENVIRONMENTALLY CONSCIOUS PROGRAMS BOTH ON AND OFF CAMPUS. PROCTOR STUDENTS GRADUATE UNDERSTANDING THE VALUES OF HONESTY, COMPASSION, RESPECT, AND RESONSIBILTY, PROCEEDING WITH CONFIDENCE AND WITH STRATEGIES TO BECOME LIFE-LONG LEARNERS AND THOUGHTFUL CONTRIBUTORS TO THEIR COMMUNITIES. 0 0 26591357 5405132 25695366 EDUCATING 378 HIGH SCHOOL STUDENTS TAUGHT BY 90 FACULTY AND SPECIALISTS IN 180 SCHOOL DAYS AND IN 3 TRIMESTERS. 26591357 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 1 1 0 0 0 1 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 78 0 1 289 1 1 1 1 BE 0 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X PROCTOR ACADEMY 6037356000 BUSINESS OFFICE 204 MAIN ST ANDOVER NH 03216 ELIZABETH BLODGETT-SMITH VICE PRESIDENT 1.00 X X 0 0 0 STEPHEN THEROUX TREASURER 1.00 X X 0 0 0 SARAH SELDEN BUSH TRUSTEE 1.00 X 0 0 0 VICTORIA GRAHAM TRUSTEE 1.00 X 0 0 0 D THOMAS HEALEY JR PRESIDENT 1.00 X X 0 0 0 LAURA ANKER CLERK 1.00 X X 0 0 0 MATT NATHANSON TRUSTEE 1.00 X 0 0 0 GREG SAMAHA TRUSTEE 1.00 X 0 0 0 TRAVIS WARREN TRUSTEE 1.00 X 0 0 0 JOANNA DE PENA TRUSTEE 1.00 X 0 0 0 MARK JOHNSON TRUSTEE 1.00 X 0 0 0 KATIE KIDDER TRUSTEE 1.00 X 0 0 0 ANNE ROWLEY TRUSTEE 1.00 X 0 0 0 ARMINS RUSIS TRUSTEE 1.00 X 0 0 0 BERNARD AUYANG TRUSTEE 1.00 X 0 0 0 KAREN BONEWALD TRUSTEE 1.00 X 0 0 0 MAX COBB TRUSTEE 1.00 X 0 0 0 BECKY KIDDER SMITH TRUSTEE 1.00 X 0 0 0 REBECCA LEAVITT TRUSTEE 1.00 X 0 0 0 DOUG ROBIE TRUSTEE 1.00 X 0 0 0 STEVE WILKINS TRUSTEE 1.00 X 0 0 0 JENNIFER FULTON TRUSTEE 1.00 X 0 0 0 KATE KREHBIEL TRUSTEE 1.00 X 0 0 0 TIM MINER TRUSTEE 1.00 X 0 0 0 CHRIS RAY TRUSTEE 1.00 X 0 0 0 HADLEY SCULLY TRUSTEE 1.00 X 0 0 0 RENA CLARK TRUSTEE 1.00 X 0 0 0 DAVID LEJUEZ TRUSTEE 1.00 X 0 0 0 EMILY WHITE HAT TRUSTEE 1.00 X 0 0 0 BRIAN THOMAS HEAD OF SCHOOL 40.00 X 148638 0 29567 VANESSA WASSENAR DIRECTOR OF RESOURCE MANAGEMENT/COO 40.00 X 54350 0 1000 KEITH BARRETT DIRECTOR OF DEVELOPMENT 40.00 X 183839 0 50488 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & M 40.00 X 129653 0 86174 KARL METHVEN DEAN OF FACULTY 40.00 X 109503 0 55311 KARIN CLOUGH ASSISTANT HEAD OF SCHOOL 40.00 X 129136 0 38933 MICHAEL HENRIQUES FORMER HEAD OF SCHOOL 40.00 X 258577 0 60645 1013696 0 322118 6 1 1 0 0 15110 1198137 3521506 303592 4734753 TUITION & FEES 611710 24702766 24702766 PROGRAM SUPPORT REVENUE 611710 727157 727157 SUMMER PROGRAM REVENUE 611710 265443 265443 25695366 718960 718960 37704 14258 23446 23446 23446 12171410 21500 11124502 201360 1046908 -179860 867048 867048 11619 15110 15919 -4300 -4300 136130 268718 -132588 -132588 SKI HILL INCOME 713990 204299 204299 HOCKEY RINK INCOME 713940 28844 28844 233143 32135828 25695366 233143 1472566 5405132 5405132 438484 438484 10631647 8878533 823343 929771 642774 516819 71833 54122 1862752 1520074 183494 159184 782949 629525 87499 65925 24919 24919 49945 49945 68245 68245 187933 187933 59479 3539 55940 62513 46816 7329 8368 350353 262377 41077 46899 256818 192329 30110 34379 1142855 1076115 43598 23142 92425 39049 27587 25789 518385 482098 25919 10368 2944654 2738528 147233 58893 569359 516442 33874 19043 INSTRUCTIONAL 1572602 1572602 REPAIRS AND MAINTENANCE 983069 908301 60067 14701 STUDENT ACTIVITIES 798619 798619 FOOD SERVICE EXPENSE 464442 347817 54453 62172 800889 631723 86417 82749 30711242 26591357 2524380 1595505 2829132 3209752 2268094 1340116 552343 2061804 269397 310155 594703 817484 89173122 38672997 47646151 50500125 39182944 30672966 836772 836772 842954 687279 95022490 90436453 2609391 2464566 4976703 5677397 18625355 17854245 693979 476759 26905428 26472967 X 41606188 39853731 26510874 24109755 68117062 63963486 95022490 90436453 X 1424586 -5606309 28147 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 33000511 977216 -3678761 1566300 28732666 27435087 268912 7151512 1855000 33000511 28813438 479799 518850 2377000 27435087 28024626 547088 1499724 1258000 28813438 25660482 1742157 1606821 984834 28024626 0.33717 0.66283 0.00000 0 0 5015393 5015393 68046761 30865523 37181238 11169723 7807474 3362249 4941245 4941245 50500125 CAPITAL LEASE OBLIGATIONS 227777 RETIREMENT OBLIGATIONS 207257 SPLIT INTEREST AGREEMENTS 16225 DEFERRED COMPENSATION LIABILITY 25500 476759 X 21263496 -5606309 -5376985 -10983294 32246790 187933 -298895 -110962 32135828 25417072 298895 298895 25118177 187933 5405132 5593065 30711242 PART V, LINE 4: TO PROVIDE A PREDICTABLE STREAM OF FUNDING FOR THE PROGRAMS SUPPORTED BY THE ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U. S. INTERNAL REVENUE CODE, EXCEPT WITH REGARD TO UNRELATED BUSINESS INCOME, WHICH IS TAXED AT CORPORATE INCOME TAX RATES. ACCOUNTING STANDARDS CODIFICATION SUBTOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, ADDRESSES THE ACCOUNTING UNCERTAINTY OF INCOME TAXES RECOGNIZED IN AN ENTERPRISE'S FINANCIAL STATEMENTS AND PRESCRIBES A THRESHOLD OF "MORE-LIKELY-THAN-NOT" FOR RECOGNITION AND DERECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. SUBTOPIC 740-10 ALSO PROVIDES GUIDANCE ON MEASUREMENT CLASSIFICATION, INTEREST AND PENALTIES AND DISCLOSURE. THE SCHOOL HAS DETERMINED THAT THE PROVISIONS OF SUBTOPIC 740-10 DO NOT HAVE A MATERIAL EFFECT ON THE SCHOOL'S FINANCIAL STATEMENTS. THE SCHOOL BELIEVES IT IS NO LONGER SUBJECT TO EXAMINATIONS FOR YEARS PRIOR TO 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: PLEDGE NPV ALLOWANCE 14,000. FINANCIAL AID -5,405,132. POST-RETIREMENT HEALTH BENEFIT OBLIGATION CHANGES 14,147. PART XI, LINE 4B - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES -268,718. FUNDRAISING EXPENSES -15,919. RENTAL EXPENSES -14,258. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOKSTORE COST OF SALES 268,718. FUNDRAISING EVENT EXPENSES 15,919. RENTAL EXPENSES 14,258. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,405,132. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 PROCTOR ACADEMY PUBLICIZES ITS NONDISCRIMINATORY POLICY IN THE CONCORD MONITOR NEWSPAPER ANNUALLY IN SEPTEMBER. THE POLICY IS PUBLICIZED ON THE PROCTOR ACADEMY'S WEBSITE. FRANCE 1 PROGRAM SERVICES STUDY ABROAD TERM SPAIN 1 PROGRAM SERVICES STUDY ABROAD TERM COSTA RICA 1 PROGRAM SERVICES STUDY ABROAD TERM 3 0 0 0 3 0 0 0 0 0 0 0 0 0 0 PART III ACCOUNTING METHOD: ANNUAL GOLF TOURNAMENT 26729 15110 11619 2440 7360 5889 230 26729 15110 11619 2440 7360 5889 230 15919 -4300 0 FINANCIAL AID & TUITION REMISSION. 148 5405132 FMV SCHOLARSHIPS AND OTHER FINANCIAL AID FOR STUDENTS. SCHEDULE I, LINE 2 THE DIRECTOR OF FINANCIAL AID MAINTAINS THE RECORDS, AND THE CHIEF FINANCIAL & OPERATING OFFICER CONFIRMS THE TOTAL FINANCIAL AID TO THE BUDGETED AMOUNT. X 0 1 X X X X X 0 0 0 0 0 0 0 0 0 MICHAEL HENRIQUES FORMER HEAD OF SCHOOL 258577 0 0 0 0 0 15071 0 45574 0 319222 0 0 0 KEITH BARRETT DIRECTOR OF DEVELOPMENT 183839 0 0 0 0 0 12816 0 37672 0 234327 0 0 0 CHRISTOPHER BARTLETT DIRECTOR OF ENROLLMENT & M 129653 0 0 0 0 0 9755 0 76419 0 215827 0 0 0 BRIAN THOMAS HEAD OF SCHOOL 148638 0 0 0 0 0 0 0 29567 0 178205 0 0 0 KARIN CLOUGH ASSISTANT HEAD OF SCHOOL 129136 0 0 0 0 0 9175 0 29758 0 168069 0 0 0 KARL METHVEN DEAN OF FACULTY 109503 0 0 0 0 0 8073 0 47238 0 164814 0 0 0 PART I, LINE 1A ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. AS A CONDITION OF EMPLOYMENT AS HEAD OF SCHOOL AND IN ORDER TO FULFILL RESPONSIBILITIES AS HEAD OF SCHOOL, AND FOR THE CONVENIENCE OF THE SCHOOL THE HEAD OF SCHOOL WILL BE PROVIDED WITH HOUSING ON THE MAIN CAMPUS OF THE SCHOOL, WHICH INCLUDES PAYMENT OF ALL UTILITIES. A NEW HAMPSHIRE HEALTH AND EDUCATIONAL FACILITIES AUTHORITY 020279866 000000000 2017-01-25 25000000 FINANCE EXISTING DEBT, SUBSIDIZE DEFERRED MAINTENANCE AND CAMPAIGN PROJECTS. 0 0 0 A 20479232 215976 20263256 1 0 0 1 A 0 0 0 0 0 0 1 A 0 0 0 0 1 0 0 0 1 A 0 SCHEDULE K, PART II, LINE 3 TOTAL PROCEEDS ARE DIFFERENT FROM THE ISSUE PRICE GIVEN THAT PROCTOR COULD DRAW ON THE BOND UNTIL JANUARY 1, 2020. PROCTOR DREW DOWN $20,479,232 THROUGH JANUARY 1, 2020. X 25 303592 FAIR MARKET VALUE 0 1 1 PART I, LINE 32B: PROCTOR HAS AN ACCOUNT AT MORGAN STANLEY AND ALL STOCK GIFTS ARE IMMEDIATELY LIQUIDATED AND TRANSFERRED TO THE SCHOOL'S BANK ACCOUNT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE, AND THE FINANCE COMMITTEE INCLUDING THE PRESIDENT AND THE HEAD OF SCHOOL. FORM 990, PART VI, SECTION B, LINE 12C MEMBERS ARE ASKED ANNUALLY TO REPORT ON ANY CONFLICTS OF INTERESTS THAT THEY MAY HAVE. THAT INFORMATION IS ANNOUNCED PUBLICLY TO THE REST OF THE BOARD AND POSTED INTO THE NEWSPAPER. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY, THE CHAIR OF THE FINANCE COMMITTEE, PRESIDENT OF THE BOARD AND THE EXECUTIVE COMMITTEE (ACTING IN ITS CAPACITY AS THE COMPENSATION COMMITTEE) USE THE INDEPENDENT SCHOOL ASSOCIATION OF NORTHERN NEW ENGLAND (ISANNE) PAY RATES, INFORMATION FROM FORM 990'S AND AN INTERNALLY PREPARED COMPENSATION STUDY TO DETERMINE AND APPROVE THE HEAD OF SCHOOL'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST FORM 990, PART XI, LINE 9: POST RETIREMENT HEALTH BENEFIT OBLIGATION CHANGE 14,147. PLEDGE ALLOWANCE 14,000. FORM 990, PART XII, LINE 2C: NO CHANGE FROM PRIOR YEAR.