2023-10-23T11:17:00-05:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 042103869 THE BEAVER COUNTRY DAY SCHOOL INC BEAV 6177382700 791 HAMMOND STREET CHESTNUT HILL MA 024672317 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 6177382700 2023-10-20 1 JOANNE MCDANIEL XXX-XX-XXXX 1 JUSTIN K LEROUX CPA P01722988 5083669100 2023-10-20 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOANNE MCDANIEL 791 HAMMOND STREET CHESTNUT HILL MA 024672317 42389510 0 X WWW.BCDSCHOOL.ORG X 1920 MA BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 25 24 500 30 0 0 3986990 5148462 33073311 34923463 442871 525942 187687 184420 37690859 40782287 6425798 6855229 0 0 19148674 20038574 0 0 666788 11501573 12483262 37076045 39377065 614814 1405222 85211798 87400346 42298739 41687917 42913059 45712429 X BEAVER COUNTRY DAY SCHOOL (BCDS) IS AN INDEPENDENT COEDUCATIONAL DAY SCHOOL SERVING ALMOST 500 STUDENTS IN GRADES 6-12. THE SCHOOL'S CURRICULUM STRESSES REAL-WORLD PROBLEM SOLVING, COLLABORATION, FLEXIBILITY, AND CREATIVITY. ATHLETICS AND THE ARTS, BOTH VISUAL AND PERFORMING, ARE ALSO KEY PARTS OF THE SCHOOL'S PROGRAM. 0 0 27039226 6535719 30074152 INSTRUCTION PROGRAM - PROVIDES AN ACADEMICALLY CHALLENGING CURRICULUM TO ALMOST 500 STUDENTS IN GRADES 6-12. STUDENTS COME FROM NUMEROUS COMMUNITIES IN EASTERN MASS., AND FROM A WIDE RANGE OF SOCIAL AND ECONOMIC BACKGROUNDS. 3406643 319510 5033731 SUMMER PROGRAM - PROVIDES EDUCATIONAL AND ATHLETIC INSTRUCTION DURING THE SUMMER TO OVER 1000 CHILDREN, RANGING IN AGE FROM 3 TO 14. 30445869 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 0 0 0 0 0 0 0 0 0 1 99 0 1 500 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 25 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X JOANNE MCDANIEL 6177382722 791 HAMMOND STREET CHESTNUT HILL MA 02467 KIM SAMSON HEAD OF SCHOOL 40.00 X X 424458 0 44182 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 40.00 X 295035 0 50719 ERICA DEROSA DIRECTOR OF P&E 40.00 X 276367 0 21615 LISA SZATMARY CHIEF MARKETING OFFICER 40.00 X 212203 0 43038 KADER ADJOUT DIRECTOR OF TEACHING, LEARNING, AND INNOVATION 40.00 X 196209 0 37487 TIFFANY SMITH MIDDLE SCHOOL DIRECTOR 40.00 X 200658 0 26216 SHAMIKHAN BAKER DIRECTOR OF ENROLLMENT MANAGEMENT 40.00 X 182238 0 39516 WHITNEY KOCH FACULTY REP 40.00 X 90113 0 15307 AMBER KUNTZ FACULTY REP 40.00 X 88064 0 16963 HEETEN KALAN PRESIDENT 1.00 X X 0 0 0 STEVE BERG TREASURER 1.00 X X 0 0 0 LISA SMITH-MCQUEENIE CLERK 1.00 X X 0 0 0 RAYMONDE GUERRIER-ALCINDOR DIRECTOR 1.00 X 0 0 0 MATT BOTEIN DIRECTOR 1.00 X 0 0 0 MAX CAMPION DIRECTOR 1.00 X 0 0 0 WENDY FISCHMAN DIRECTOR 1.00 X 0 0 0 HEIDI JOHNSON DIRECTOR 1.00 X 0 0 0 KRISTIN LORANGER DIRECTOR 1.00 X 0 0 0 MIMI LOVE DIRECTOR 1.00 X 0 0 0 JULIE MARCUS DIRECTOR 1.00 X 0 0 0 JESS MCLEAR DIRECTOR 1.00 X 0 0 0 CONOR SAVOY DIRECTOR 1.00 X 0 0 0 ROSEMARY SHORE DIRECTOR 1.00 X 0 0 0 JENNIFER SKOLER DIRECTOR 1.00 X 0 0 0 BOB TAYLOR DIRECTOR 1.00 X 0 0 0 JOANNA TRAVIS DIRECTOR 1.00 X 0 0 0 ANDRE VEGA DIRECTOR 1.00 X 0 0 0 JODI WALKER DIRECTOR 1.00 X 0 0 0 LYNN YOUNGEN DIRECTOR 1.00 X 0 0 0 BIJAN SABET DIRECTOR (UNTIL 9/2022) 1.00 X 0 0 0 MONIQUE APPLETON PARENT REP 1.00 X 0 0 0 EMMA SHUB STUDENT REP 1.00 X 0 0 0 CHARLES ARGYLE DIRECTOR 1.00 X 0 0 0 1965345 0 295043 63 0 1 0 SAGE DINING SERVICES INC 1402 YORK ROAD SUITE 100 LUTHERVILLE MD 21039 FOOD SERVICES 1303996 LOCAL MOTION 161 NORTH STREET NEWTON MA 02460 TRANSPORTATION 637056 PURAQUA POOL SERVICE INC 54 EMERSON ROAD PO BOX 541515 WALTHAM MA 02454 POOL MAINTENANCE 533929 NUVU 450 MASS AVE CAMBRIDGE MA 02139 EDUCATIONAL PROGRAM 439710 WINDOVER CONSTRUCTION INC 66 CHERRY HILL DRIVE BEVERLY MA 01915 GENERAL CONTRACTOR 398631 10 5148462 5148462 TUITION & FEES 611710 29889732 29889732 SUMMER PROGRAM FEES 611710 5033731 5033731 34923463 650038 650038 1483127 1607223 -124096 -124096 -124096 MISCELLANEOUS REVENUE 900099 184420 184420 184420 40782287 35107883 0 525942 6855229 6855229 848635 121292 484759 242584 15606376 11591986 3536939 477451 809438 611195 176730 21513 1730913 1207199 448347 75367 1043212 746358 252469 44385 92094 92094 51000 51000 738147 243108 440012 55027 189508 14226 175282 902932 614702 262445 25785 120219 120219 715108 715108 970749 894831 69501 6417 795191 795191 3419751 3419751 136352 136352 FOOD SERVICE 1269183 1262731 6452 MISCELLANEOUS 1016911 517056 445169 54686 REPAIRS AND MAINTENANCE 936689 28963 907726 OFF CAMPUS PROGRAMS 587597 587597 541831 5149396 -4264686 -342879 39377065 30445869 8264408 666788 2229204 2923425 10693445 9812586 2492955 2909326 237215 647957 714522 82187279 32850277 49960738 49337002 18579310 20799419 608189 666851 85211798 87400346 699700 811992 14789590 15143048 25309449 24232877 1500000 1500000 42298739 41687917 X 30141986 29862111 12771073 15850318 42913059 45712429 85211798 87400346 X 1405222 1428749 -34601 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20415404 591057 1780170 694920 22091711 23427423 951585 -3312209 651395 20415404 16647303 2534552 4838450 592882 23427423 14275647 2618431 309434 556209 16647303 14016063 81693 815789 637898 14275647 0.45215 0.38753 0.16032 0 0 181047 181047 68812740 25746039 43066701 7107377 2907668 4199709 5871554 3999092 1872462 214561 197478 17083 49337002 EQUITY MUTUAL FUNDS 13602996 F FIXED INCOME MUTUAL FUNDS 4571459 F MULTI-STRATEGY HEDGE FUND 2624964 F 20799419 LINE OF CREDIT 1500000 1500000 X 35321206 1428749 -6889830 -5461081 40782287 0 40782287 32521836 0 32521836 6855229 6855229 39377065 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, 2023. THE SCHOOL'S INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN CARRYING VALUE -34,601. FINANCIAL AID -6,855,229. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 6,855,229. PART V, LINE 4 EARNINGS FROM PERMANENTLY RESTRICTED ASSETS MAY BE USED FOR OPERATIONS, BUT THE PRINCIPAL MAY NOT BE SPENT. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 EVERY DECEMBER THE ORGANIZATION PUBLISHES A JOINT ADVERTISEMENT WITH THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 CAYMAN ISLANDS - BASED HEDGE FUND INVESTMENT 4571459 0 0 0 0 0 0 4571459 0 4571459 0 0 1 1 0 0 PART III ACCOUNTING METHOD: SCHEDULE F, PART IV, LINE 3 THE SCHOOL IS NOT REQUIRED TO COMPLETE FORM 5471 AS THE SCHOOL DID NOT MEET THE 10% OWNERSHIP THRESHOLD. SCHEDULE F, PART IV, LINE 4 THE SCHOOL IS ALSO NOT REQUIRED TO COMPLETE FORM 8621 AS THE PRIVATE FOREIGN INVESTMENT COMPANY (PFIC) RULES DO NOT APPLY TO TAX EXEMPT ORGANIZATIONS AS THE PFIC DOES NOT GENERATE ANY INCOME UNDER INTERNAL REVENUE CODE 952 SUBPART F. 1 TUITION FINANCIAL AID 128 6535719 SUMMER PROGRAM FINANCIAL AID 12 319510 PART I, LINE 2: FINANCIAL AID IS AWARDED TO STUDENTS OBJECTIVELY, BASED ON FINANCIAL NEED. TO BE CONSIDERED FOR A FINANCIAL AID GRANT FOR THEIR CHILDREN, PARENTS MUST FURNISH : 1) A COPY OF THEIR MOST RECENT FEDERAL TAX RETURN; AND 2) A COMPLETED "PARENTS FINANCIAL STATEMENT" (PFS) PROVIDED BY THE SCHOOL AND STUDENT SERVICE (SSS) AFFILIATE OF THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS. SSS ANALYZES THE PFS AND MAKES A RECOMMENDATION REGARDING FINANCIAL NEED TO THE SCHOOL FOR ITS CONSIDERATION. THE SCHOOL MAKES THE FINAL DETERMINATION OF FINANCIAL AID BASED ON THE SSS RECOMMENDATION, SOMETIMES ADJUSTED TO REFLECT UNUSUAL CIRCUMSTANCES OR SUPPLEMENTAL INFORMATION PROVIDED BY THE FAMILY. X 1 1 X X X X X 0 0 0 0 0 0 0 0 0 KIM SAMSON HEAD OF SCHOOL 376458 0 0 0 48000 0 29988 0 14194 0 468640 0 0 0 JOANNE MCDANIEL CHIEF FINANCIAL OFFICER 295035 0 0 0 0 0 24480 0 26239 0 345754 0 0 0 ERICA DEROSA DIRECTOR OF P&E 276367 0 0 0 0 0 21169 0 446 0 297982 0 0 0 LISA SZATMARY CHIEF MARKETING OFFICER 212203 0 0 0 0 0 16980 0 26058 0 255241 0 0 0 KADER ADJOUT DIRECTOR OF TEACHING, LEARNING, AND 196209 0 0 0 0 0 15606 0 21881 0 233696 0 0 0 TIFFANY SMITH MIDDLE SCHOOL DIRECTOR 200658 0 0 0 0 0 15653 0 10563 0 226874 0 0 0 SHAMIKHAN BAKER DIRECTOR OF ENROLLMENT MANAGEMENT 182238 0 0 0 0 0 14620 0 24896 0 221754 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL IS REQUIRED TO LIVE IN A SCHOOL-OWNED RESIDENCE AS PART OF HER CONTRACT. A PORTION ($48,000) OF THE FIGURE SHOWN IN PART II (D) INCLUDES THE VALUE OF THIS HOUSING BASED ON COMPARABLE LOCAL RENTALS. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2013-02-01 15282915 REFINANCE DEBT 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-05-10 13000000 CONSTRUCTION 0 0 0 C MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2019-07-01 7000000 CONSTRUCTION 0 0 0 A 3497179 15282915 15282915 2013 1 0 1 1 B 7083453 13000000 13000000 2016 0 0 1 1 C 260251 7000000 7000000 2021 0 0 1 1 A 0 0 0 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 0 0 0 0 1 A 0 0 1 0 0 0 0 0 1 B 0 0 1 0 0 0 0 0 1 C 0 0 1 0 0 0 0 0 1 A 0 B 0 C 0 FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS PROVIDED TO ALL MEMBERS OF THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES; THE MEMBERS THEN HAVE A WEEK TO SUGGEST ANY CHANGES. ANY MEMBERS OF THE BOARD MAY REQUEST A COPY OF THE FINAL FORM 990. FORM 990, PART VI, SECTION B, LINE 12C AT THE START OF THE SCHOOL YEAR, ALL BOARD MEMBERS RECEIVE A COPY OF THE POLICY AND A DISCLOSURE STATEMENT THAT MUST BE FILLED IN AND RETURNED TO THE HEAD'S ASSISTANT, ACTING ON BEHALF OF THE BOARD CLERK. THE HEAD'S ASSISTANT MONITORS RETURNS AND ASSURES THAT ALL TRUSTEES DO SUBMIT THE DISCLOSURE STATEMENTS. ANY CONFLICTS DISCLOSED WOULD BE REVIEWED BY THE EXECUTIVE COMMITTEE, PER THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 FOR THE HEAD'S COMPENSATION: EACH YEAR THE SCHOOL'S CHIEF FINANCIAL OFFICER(CFO) ASSEMBLES MARKET DATA FROM TWO PRINCIPAL SOURCES: STATISTICS COMPILED BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, AND IRS FORM 990'S AVAILABLE FROM THE GUIDESTAR WEB SITE. EMPHASIS IS ON BENCHMARKING VERSUS A DEFINED GROUP OF 9 PEER SCHOOLS, BUT THE BROADER NEW ENGLAND MARKET IS ALSO CONSIDERED. THIS DATA IS CONDENSED, ANALYZED AND CONVEYED TO THE PRESIDENT OF THE BOARD OF TRUSTEES, WHO SHARES IT WITH THE BOARD'S EXECUTIVE COMMITTEE. THAT COMMITTEE, CONSIDERING ALSO WRITTEN PERFORMANCE EVALUATIONS, SETS THE HEAD'S COMPENSATION. FOR POSITIONS OTHER THAN THE HEAD, THE CFO ASSEMBLES OBJECTIVE MARKET DATA FROM THE NAIS AND CONVEYS THAT TO THE HEAD, WHO SETS SALARIES BASED ON THAT DATA, EMPLOYEE PERFORMANCE, AND BUDGETED FUNDS AVAILABLE. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN CARRYING VALUE -34,601. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDITED FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.