2025-04-30T11:39:28-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 180 PARK AVENUE SUITE 200 FLORHAM PARK NJ 07932 990 2023-07-01 042105838 WILBRAHAM AND MONSON ACADEMY WILB 4135966811 423 MAIN STREET WILBRAHAM MA 01095 BRIAN P EASLER HEAD OF SCHOOL 4135966811 2025-04-18 1 1 AMANDA ADAMS P00748038 9732180500 2025-04-18 2023 2025-03-06 01:10:19Z BRIAN P EASLER 423 MAIN STREET WILBRAHAM MA 01095 32488632 0 X WWW.WMA.US X 1971 MA WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 18 18 201 1 0 0 4636161 5852475 21746475 23889755 33810 317906 253313 20417 26669759 30080553 4639500 5038400 0 0 12816698 13310584 0 0 1268187 8849615 9563412 26305813 27912396 363946 2168157 49665832 51989764 24259094 23417872 25406738 28571892 WILBRAHAM & MONSON ACADEMY IS A TRANSFORMATIONAL EXPERIENCE WHERE STUDENTS BECOME CHALLENGE-SEEKING CITIZENS AND LEADERS OF AN EVOLVING WORLD. 0 0 21387951 5038400 23898119 PRIVATE CO-EDUCATIONAL SECONDARY SCHOOL WITH ENROLLMENT OF APPROXIMATELY 400 BOARDING AND DAY STUDENTS. PROGRAM SERVICE EXPENSES INCLUDE INSTRUCTIONAL, SCHOLARSHIP, AND STUDENT SERVICES. WITHIN A CARING AND SUPPORTIVE ENVIRONMENT, THE ACADEMY MAKES AVAILABLE AN ABUNDANT OFFERING OF CURRICULAR AND EXTRACURRICULAR EXPERIENCES. ALL MEMBERS OF THE SCHOOL COMMUNITY ARE ENCOURAGED TO DEVELOP THEIR TALENTS BY MEANS OF THE ACADEMY'S MENTORING PHILOSOPHY CENTRALLY IMPORTANT TO THE SCHOOL'S MISSION. 21387951 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 1 0 1 0 0 0 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 48 0 1 201 1 0 0 0 0 0 0 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MA X PATRICIA GALLAGHER 4135966811 423 MAIN STREET WILBRAHAM MA 01095 SCOTT JACOBS CHAIR 5.00 X X 0 0 0 JAMES LACROSSE VICE CHAIR 1.00 X X 0 0 0 MARK SHENKMAN VICE CHAIR 1.00 X X 0 0 0 DAVID REEVES TREASURER 2.00 X X 0 0 0 CAITLIN FLYNN SECRETARY 1.00 X X 0 0 0 RAYMOND ANTON TRUSTEE 1.00 X 0 0 0 CHRISTOPHER ANTONACCI TRUSTEE 1.00 X 0 0 0 JOHN BAKER TRUSTEE 1.00 X 0 0 0 MELISSA BESSE TRUSTEE 1.00 X 0 0 0 LINDA GRIFFIN TRUSTEE 1.00 X 0 0 0 WILLIAM GUERIN TRUSTEE 1.00 X 0 0 0 ROBERT LITTLE TRUSTEE 1.00 X 0 0 0 BARRY MALONEY TRUSTEE 1.00 X 0 0 0 ANDREW MELE TRUSTEE 2.00 X 0 0 0 STEPHANIE ROBBINS TRUSTEE 1.00 X 0 0 0 CRAIG RUBIN TRUSTEE 1.00 X 0 0 0 BONNIE FAULKNER RYAN TRUSTEE 1.00 X 0 0 0 PAUL SULLIVAN TRUSTEE 1.00 X 0 0 0 BRIAN EASLER HEAD OF SCHOOL 60.00 X 551404 0 79472 PATRICIA GALLAGHER CHIEF FINANCIAL OFFICER 60.00 X 125325 0 11802 MARK AIMONE DIRECTOR OF ADVANCEMENT 60.00 X 245830 0 97344 KATE GAW DIRECTOR OF ADMISSION & FINANCIAL AID 60.00 X 169786 0 35398 DONALD NICHOLSON DIRECTOR OF ATHLETICS & AFTERNOON PROGRAMS 60.00 X 124248 0 66904 JOHN BOOZANG DIRECTOR OF COLLEGE COUNSELING 60.00 X 120723 0 51444 KEVIN KANE DEAN OF STUDIES 60.00 X 119986 0 54970 MELISSA EARLS DEAN OF ACADEMICS 60.00 X 116347 0 30286 WALTER SWANSON DEAN OF FACULTY 60.00 X 115041 0 96599 KIM DAVIS FORMER CHIEF FINANCIAL OFFICER 0.00 X 173003 0 33733 1861693 0 557952 15 1 1 0 COMPASS GROUP FLIK PO BOX 417632 BOSTON MA 022417632 DINING 2025912 FLANSBURGH ARCHITECTS 77 N WASHINGTON ST BOSTON MA 02144 ARCHITECTURAL 501812 ABLE SERVICES AN ABM COMPANY PO BOX 888841 LOS ANGELES CA 900888841 CLEANING 272204 RENE L COTE SONS INC 896 MAIN ST HOLYOKE MA 01040 HVAC 187426 WHALLEY COMPUTER ASSOCIATES INC PO BOX 951 WORCESTER MA 016130951 NETWORK UPGRADE 163934 8 10078 5842397 106929 5852475 TUITION AND FEES 611600 23465032 23465032 SUMMER CAMP 611600 147864 147864 276859 276859 23889755 235796 235796 6494 0 6494 6494 6494 2414503 8460 2340853 0 73650 8460 82110 82110 75590 67226 8364 8364 5559 5559 5559 30080553 23898119 0 329959 X 5038400 5038400 1410000 144796 910257 354947 56744 56744 8654672 6901551 1389625 363496 672341 528835 122578 20928 1822990 1318538 403014 101438 693837 485351 162235 46251 50711 50711 60440 60440 2950056 2857052 77312 15692 556129 220455 244050 91624 267055 52329 183197 31529 309736 5600 222785 81351 1546823 1378134 156072 12617 544016 344979 86132 112905 254424 254424 1719310 1317681 383204 18425 287485 287485 ACADEMIC/STUDENT EXP 794246 794246 BAD DEBT 50761 50761 172220 4 155232 16984 27912396 21387951 5256258 1268187 1115975 83322 5316648 9134620 11850 283206 11379516 8810567 97002 81063 315215 674613 45359520 23324284 21295863 22035236 148305 255414 9688034 10309603 297424 322120 49665832 51989764 1411465 1468374 17756122 17955130 3146132 2978811 1331847 432421 613528 583136 24259094 23417872 X 16978713 17310017 8428025 11261875 25406738 28571892 49665832 51989764 X 2168157 909603 87394 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11640952 304129 939551 458011 509067 10624 11906930 11185145 327071 693258 443183 110794 10545 11640952 13008993 176482 -1497404 502926 11185145 10195433 522275 2766100 474815 13008993 10764368 65981 174382 460534 10195433 0.27710 0.72290 0.00000 0 0 5268656 5268656 35262168 21157906 14104262 2334399 1617763 716636 2494297 548615 1945682 22035236 PARTNERSHIP INVESTMENTS 10309603 F 10309603 INTEREST RATE SWAP AGREEMENT 153863 DEFERRED COMPENSATION PLAN 159967 FINANCE LEASE LIABILITIES 269306 583136 X 26106376 909603 -4951006 -4041403 30147779 -67226 -67226 30080553 22941222 67226 67226 22873996 5038400 5038400 27912396 PART V, LINE 4: INVESTMENT RETURN FROM THE ACADEMY'S ENDOWMENT IS APPROPRIATED ANNUALLY, IN ACCORDANCE WITH THE BOARD APPROVED SPENDING POLICY, TO UNDERWRITE A PORTION OF THE ACADEMY'S ANNUAL OPERATING BUDGET, INCLUDING FINANCIAL AID AWARDS, FACULTY COMPENSATION AND PROFESSIONAL DEVELOPMENT AND OTHER QUALIFYING OPERATING EXPENSES. THE PERCENTAGE REPORTED FOR PERMANENT ENDOWMENTS INCLUDES AMOUNTS THAT MUST BE MAINTAINED IN PERPETUITY AS WELL AS ACCUMULATED EARNINGS ON SUCH AMOUNTS THAT HAVE NOT YET BEEN APPROPRIATED FOR EXPENDITURE. PART X, LINE 2: THE ACADEMY ACCOUNTS FOR UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH FASB ASC TOPIC 740 INCOME TAXES. THE TOPIC PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT PROCESS FOR FINANCIAL STATEMENT RECOGNITION OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE TOPIC ALSO PROVIDES GUIDANCE ON DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE AND TRANSITION. THE ACADEMY FILES INFORMATIONAL TAX RETURNS IN THE U.S. FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. MANAGEMENT BELIEVES THAT THE ACADEMY HAS NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: FINANCIAL AID -5,038,400. CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 24,696. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 62,698. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) -67,226. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD (CAMPUS STORE) 67,226. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,038,400. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE ACADEMY PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE HOMEPAGE AT ALL TIMES DURING THE YEAR. SCHEDULE E, PART I, LINE 6 DURING THE YEAR, THE ACADEMY RECEIVED ASSISTANCE FROM THE COMMONWEALTH OF MASSACHUSETTS AS PART OF A FEDERAL DISASTER RELIEF PROGRAM. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 PROGRAM SERVICES STUDENT RECRUITING, STUDENT TRAVEL 161000 EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITING, ALUMNI RELATIONS, FUNDRAISING 120000 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITING, ALUMNI RELATIONS, FUNDRAISING 82000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT TRAVEL PROGRAM 60000 SOUTH ASIA 0 0 PROGRAM SERVICES STUDENT TRAVEL PROGRAM 41000 NORTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITING 13000 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES STUDENT RECRUITING, ALUMNI RELATIONS 9000 0 0 0 0 0 0 486000 0 486000 1 0 1 1 0 0 1 FINANCIAL AID TO STUDENTS 231 5038400 BOOK TUITION REDUCTION PART I, LINE 2: FAMILIES INTERESTED IN RECEIVING FINANCIAL AID NOTIFY THE ADMISSION OFFICE AND SUBMIT AN APPLICATION THROUGH SCHOOL AND STUDENT SERVICE FOR FINANCIAL AID ("SSS"). SSS WILL ESTIMATE THE FAMILY CONTRIBUTION AMOUNT USING FINANCIAL INFORMATION SUBMITTED BY THE FAMILY DURING THE APPLICATION PROCESS. THE ACADEMY USES THIS ESTIMATE AS A GUIDE, ALONG WITH FINANCIAL INFORMATION PROVIDED BY THE FAMILY, TO DETERMINE THE AMOUNT OF THE AWARD TO THE STUDENT. ONCE ASSISTANCE HAS BEEN AWARDED, IT IS PROVIDED BY REDUCING THE AMOUNT OF TUITION OWED BY THE STUDENT RATHER THAN AS A CASH OUTLAY, THEREFORE NO MONITORING OF THE USE OF FUNDS IS NECESSARY. X 0 1 X X X X X 1 0 0 0 0 0 0 1 0 BRIAN EASLER HEAD OF SCHOOL 468828 0 52000 0 30576 0 33000 0 46472 0 630876 0 0 0 MARK AIMONE DIRECTOR OF ADVANCEMENT 236064 0 0 0 9766 0 32313 0 65031 0 343174 0 0 0 WALTER SWANSON DEAN OF FACULTY 114918 0 0 0 123 0 17044 0 79555 0 211640 0 0 0 KIM DAVIS FORMER CHIEF FINANCIAL OFFICER 117247 0 0 0 55756 0 24522 0 9211 0 206736 0 0 0 KATE GAW DIRECTOR OF ADMISSION & FINANCIAL AI 168994 0 0 0 792 0 25061 0 10337 0 205184 0 0 0 DONALD NICHOLSON DIRECTOR OF ATHLETICS & AFTERNOON PR 123583 0 0 0 665 0 19528 0 47376 0 191152 0 0 0 KEVIN KANE DEAN OF STUDIES 119313 0 0 0 673 0 18062 0 36908 0 174956 0 0 0 JOHN BOOZANG DIRECTOR OF COLLEGE COUNSELING 120345 0 0 0 378 0 17977 0 33467 0 172167 0 0 0 PART I, LINE 1A AS A RESIDENTIAL BOARDING SCHOOL FOR ADOLESCENTS, THE SCHOOL REQUIRES CERTAIN EMPLOYEES TO LIVE ON CAMPUS IN ORDER TO PERFORM CERTAIN DUTIES RELATED TO THE SUPERVISION OF RESIDENTIAL STUDENTS. THESE EMPLOYEES, INCLUDING BRIAN EASLER, MARK AIMONE, DON NICHOLSON, JOHN BOOZANG, WALTER SWANSON, AND KEVIN KANE, RECEIVE ON-CAMPUS HOUSING AS A NON-TAXABLE BENEFIT. PART I, LINE 4A KIM DAVIS RECEIVED SEVERANCE PAYMENTS OF $41,520 DURING THE YEAR. PART I, LINE 7 BRIAN EASLER RECEIVED A DISCRETIONARY BONUS THAT WAS DETERMINED BY THE BOARD OF TRUSTEES. PART I, LINE 2: THE PROVISION OF ON-CAMPUS HOUSING IS MADE SUBJECT TO A SIGNED AGREEMENT WHICH PROVIDES THE TERMS UNDER WHICH THE SCHOOL WILL PROVIDE HOUSING TO THE EMPLOYEE. SINCE THE HOUSING IS PROVIDED IN-KIND, NO FURTHER SUBSTANTIATION IS CONSIDERED NECESSARY. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2010-03-04 4940000 TO REFINANCE 2006 BONDS USED TO CONSTRUCT AN ADDITION TO THE FIELD HOUSE 0 0 0 A 1840000 4940000 70200 4869800 2007 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 1 1 MORGAN STANLEY 30.000000000000 0 0 0 0 1 A 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: MASSACHUSETTS DEVELOPMENT FINANCE AGENCY DATE THE REBATE COMPUTATION WAS PERFORMED: 06/30/2023 X 1183 FMV X 3 67829 FMV X VARIOUS OTHER 2 29544 FMV X TELESCOPES 1 7000 FMV X ATHLETIC EQUIPMENT 3 1373 FMV 0 0 0 1 PART I, COLUMN (B): THE NUMBER REPORTED IN COLUMN B IS THE NUMBER OF INDIVIDUAL CONTRIBUTORS. PART I, LINE 32B: THE SCHOOL MAINTAINS AN ACCOUNT WITH A FINANCIAL INSTITUTION THROUGH WHICH IT LIQUIDATES DONATED SECURITIES. FORM 990, PART VI, SECTION B, LINE 11B THE TAX RETURN IS REVIEWED BY THE CURRENT CHAIR OF THE BOARD, CURRENT CHAIR OF THE FINANCE COMMITTEE AND CHIEF FINANCIAL OFFICER PRIOR TO SUBMISSION. THE TAX RETURN IS THEN MADE AVAILABLE TO ALL MEMBERS OF THE BOARD OF TRUSTEES. IN ORDER TO PROTECT THE PRIVACY OF THE ACADEMY'S DONOR POPULATION, MANAGEMENT DISTRIBUTES FORM 990 EXCLUDING SCHEDULE B. FORM 990, PART VI, SECTION B, LINE 12C THE CHAIR OF THE BOARD IS KEPT INFORMED OF ANY CONFLICTS OF INTEREST BY BOARD MEMBERS. BOARD MEMBERS ARE EXCUSED FROM ANY DISCUSSIONS AT MEETINGS WHERE THEY HAVE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE DETERMINES THE SALARY OF THE HEAD OF SCHOOL BASED UPON COMPARATIVE SALARIES FOR SIMILAR POSITIONS AND DUTIES FROM DATA COLLECTED FROM PEER INSTITUTIONS. THE HEAD OF SCHOOL SETS AND REVIEWS SALARIES FOR OTHER OFFICERS AND KEY EMPLOYEES. SUCH SALARIES ARE COMPARED TO PEER BENCHMARKS ON A PERIODIC BASIS. REASONABLE AND COMPETITIVE SALARIES ARE BASED ON THE DATA COLLECTED. 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. FORM 990, PART IX, LINE 11G BUILDING AND GROUNDS MAINTENANCE: PROGRAM SERVICE EXPENSES 531,151. MANAGEMENT AND GENERAL EXPENSES 31,311. FUNDRAISING EXPENSES 5,796. TOTAL EXPENSES 568,258. DINING PROVISIONS AND SERVICES: PROGRAM SERVICE EXPENSES 2,056,506. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,056,506. EMPLOYEE BENEFITS CONSULTING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,164. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,164. FACULTY/STAFF RECRUITMENT: PROGRAM SERVICE EXPENSES 61,497. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 61,497. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 17,499. MANAGEMENT AND GENERAL EXPENSES 24,837. FUNDRAISING EXPENSES 9,896. TOTAL EXPENSES 52,232. STUDENT RECRUITMENT: PROGRAM SERVICE EXPENSES 190,399. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,399. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF BENEFICIAL INTEREST IN PERPETUAL TRUST 24,696. CHANGE IN FAIR VALUE OF INTEREST RATE SWAP AGREEMENTS 62,698.