2022-02-15T09:31:48-07:00 2021-06-30 990 2020-07-01 042103870 BELMONT HILL SCHOOL INC BELM 6174844410 350 Prospect Street Belmont MA 024782662 Jay Bounty Assistant Treasurer 6179935313 2022-02-15 1 11 0 AAL2 2020 2022-09-23 18:48:47Z Jay Bounty 350 Prospect Street Belmont MA 02478 55634447 0 X www.belmonthill.org X 1923 MA Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 34 33 211 300 -410850 0 9263335 11578059 24114198 25022399 2068534 6185432 -584807 -331582 34861260 42454308 5486981 5751356 0 0 15838922 17024957 0 0 1889622 10457973 11598857 31783876 34375170 3077384 8079138 203315618 242788328 43970923 42616196 159344695 200172132 Belmont Hill School educates boys in mind, body, and spirit to develop men of good character. Our community encourages and challenges students to discover and pursue passions, seek excellence and face adversity with resilience. We cultivate critical thinking and creativity, teamwork and competition, hard work and reflections, tradition and innovation. Valuing our differences and working together, we embrace camaraderie, compassion, and service to others. Our school strives to instill in each boy ethical judgment, a sense of common humanity, and lifelong love of learning. 0 0 25365479 5747055 31170383 Educational institutions and related activities: Belmont Hill School's mission is to educate boys in mind, body, and spirit. Our environment of both challenge and support emphasizes strong moral values, honest effort, and responsibility for oneself and community. Valuing difference, Belmont Hill welcomes students from a broad range of backgrounds and experiences. Through shared commitment to the classroom, playing field, studio, and stage, students and teachers forge special bonds. Respecting tradition yet alive to innovation, our structured and rigorous program provides students with clear expectations and consistent encouragement, a framework for growth that honors creativity, teamwork, and competition. Belmont Hill helps students to develop clear thinking and lifelong love of learning; to become sensitive and responsive to the complexities of modern society; to gain the skills, values, and courage to face the future with confidence; to embrace, both now and in later life, a spirit of working together to better the world. Belmont Hill School gives its students a strong, traditionally defined education, in a balanced, well rounded environment. The value of its core curriculum seems to have increased with time. The school's insistence on this traditional framework of excellence, in many ways simple and straightforward, gives the curriculum distinction, and continues to be its first principle in planning for the future. 199820 4301 225739 Educational institutions and related activities: Educated 350 boys and girls, ages 8 to 18, in a 4 week remote comprehensive and rigorous summer school. Students take courses for remediation, for enrichment, and for academic credit here and at other schools. 0 0 0 25565299 1 1 0 0 0 0 0 0 0 1 1 1 0 0 0 0 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 1 81 0 1 211 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 X 34 33 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X Jay Bounty - Assistant Treasurer 6179935313 350 Prospect Street Belmont MA 024782662 Gregory J Schneider Ronald M. Druker '62 Head of School 50 0 X X 443370 0 169621 Beverly Couglin Director of Development 50 0 X 355405 0 44373 Jay Bounty Assistant Treasurer CFO and Director of Operations 50 0 X 319365 0 48617 George Tahan Faculty 50 0 X 171108 0 102454 Jay Fritz Director of Major and Planned Gifts 50 0 X 169044 0 49797 Donald Bradley Head of Upper School 50 0 X 161480 0 50489 Lauren Hamilton Director of Middle School 50 0 X 150854 0 57332 Michael Grant Assistant Head of School 50 0 X 156086 0 47706 Jon Biotti President 1 0 X 0 0 0 William Achtmeyer Vice President 1 0 X 0 0 0 Anthony Ryan Treasurer 1 0 X 0 0 0 Jinane Abounadi Trustee 1 0 X 0 0 0 Dewey Awad Trustee 1 0 X 0 0 0 Mark Chandler Trustee 1 0 X 0 0 0 Gretchen Cook-Anderson Trustee 1 0 X 0 0 0 Warren Cross Trustee 1 0 X 0 0 0 Carl Dawson Trustee 1 0 X 0 0 0 Jeffrey Drucker Trustee 1 0 X 0 0 0 Ronald Druker Trustee 1 0 X 0 0 0 Jean Egan Trustee 1 0 X 0 0 0 William Forde Trustee 1 0 X 0 0 0 Scott Giselman Trustee 1 0 X 0 0 0 John Grady Trustee 1 0 X 0 0 0 Christopher Hadley Trustee 1 0 X 0 0 0 Danielle Heard Trustee 1 0 X 0 0 0 Jason Hurd Trustee 1 0 X 0 0 0 Daniel S Farb Trustee 1 0 X 0 0 0 Stephen Karp Trustee 1 0 X 0 0 0 Jonathan Kraft Trustee 1 0 X 0 0 0 George Lynch Trustee 1 0 X 0 0 0 Emmet Lyne Trustee 1 0 X 0 0 0 Amy Madden Trustee 1 0 X 0 0 0 Carl Martignetti Trustee 1 0 X 0 0 0 Kirk McKeown Trustee 1 0 X 0 0 0 Sarah Pelmas Trustee 1 0 X 0 0 0 Taggart Romney Trustee 1 0 X 0 0 0 Jill Shah Trustee 1 0 X 0 0 0 Brian Shortsleeve Trustee 1 0 X 0 0 0 Margaret Wade Trustee 1 0 X 0 0 0 Herbert Wagner Trustee 1 0 X 0 0 0 David Wilkins Trustee 1 0 X 0 0 0 1926712 0 570389 50 0 1 0 Sodexo Inc and Affiliates PO Box 360170 Pittsburgh PA 15262 Food Services 961480 Bedford Charter Services 11 Railroad Avenue Bedford MA 01730 Transportation Services 447699 Compass Facility Services 65 Jackman Street Georgetown MA 01833 Custodial Services 434918 Doug Rancourt 7 Priscilla Street Hopkington MA 01748 Electrician Services 279222 Mark Saffie 54 Addison Avenue Methuen MA 01844 Construction Services 108725 9 0 0 152138 0 0 11425921 16898 11578059 Tuition and Fees 900099 24764105 24764105 0 0 Summer Programs 900099 225739 225739 0 0 Student Activities 900099 32555 32555 0 0 0 0 0 0 25022399 384405 400492 0 -16087 0 0 0 0 0 0 0 0 346879 0 882479 0 -535600 0 -535600 0 -442664 -92936 17753002 41000 11992975 0 5760027 41000 5801027 5760027 41000 0 25510 152138 34696 -9186 -9186 0 0 0 0 0 0 0 94542 269989 -175447 -175447 0 0 School Bus Transportation 900099 354510 354510 0 0 Program and Parent Alumni 900099 7200 7200 0 0 Insurance Dividends 900099 23107 23107 0 0 3834 3834 0 0 388651 42454308 31396122 -410850 -109023 0 0 5751356 5751356 0 0 0 0 993155 0 993155 0 0 0 0 0 11802871 8608064 2073021 1121786 953546 721311 172206 60029 2370437 1611509 556860 202068 904948 615217 212589 77142 0 0 0 0 93594 0 93594 0 68800 0 68800 0 0 0 0 0 0 0 139022 139022 0 0 920642 703269 190352 27021 69769 15362 54407 0 780164 460055 145582 174527 410976 168993 196677 45306 0 0 0 0 1907542 1907542 0 0 17910 17046 642 222 0 0 0 0 39316 32527 5307 1482 1052711 1052711 0 0 0 0 0 0 2492709 2492709 0 0 193023 57004 136019 0 Student Food Services 1015498 1015498 0 0 Entertainment 94396 35110 38241 21045 Printing and Publications 280201 52398 139938 87865 Postage and Membership 168765 61232 73166 34367 1853819 47364 1769693 36762 34375170 25565299 6920249 1889622 1000 1000 14044576 18401456 8449780 8124617 243001 131565 0 0 0 0 0 0 0 0 798420 860557 96245052 42847519 54132218 53397533 24139870 32028954 101303267 129639160 0 0 0 0 203486 203486 203315618 242788328 1798754 1322203 2784625 2953837 36387544 36340156 3000000 2000000 0 0 0 0 43970923 42616196 X 132588017 167781123 26756678 32391009 159344695 200172132 203315618 242788328 X 8079138 32543603 0 0 0 204696 X 0 1 1 0 X 7017179 8289183 19848525 9263335 11578059 55996281 21525640 22268659 23467741 24671625 25505594 117439259 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 28542819 30557842 43316266 33934960 37083653 173435540 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 173435540 252378 406835 407920 423200 384405 1874738 -158944 -136693 -198807 -302203 -250000 -1046647 93434 270142 209113 120997 134405 828091 0 0 0 0 0 0 0 0 0 0 28636253 30827984 43525379 34055957 37218058 174263631 0.99525 0.99426 0.00475 0.00574 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126814721 2675250 38585956 0 5515388 0 162560539 131766070 1406451 2210050 0 8567850 0 126814721 125232107 3743469 8154219 0 5363725 0 131766070 117987952 4217662 8117433 0 5090940 0 125232107 106318605 3043188 13316589 0 4690430 0 117987952 0.832 0.162 0.006 0 0 5872242 0 5872242 70318070 0 28852467 41465603 9274041 0 4637464 4636577 6361514 0 5712972 648542 4419185 0 3644616 774569 53397533 0 0 Limited Partnership and Alternative Investments 129517360 F Real Estate 121800 F 129639160 70499394 32543603 0 0 1391861 33935464 36563930 139022 5751356 5890378 42454308 29671957 0 0 0 1187165 1187165 28484792 139022 5751356 5890378 34375170 Schedule D, Part V, Line 4 The endowment supports the educational mission of the school, by providing support for financial aid for students, faculty compensation and continuing education, school programs and facilities, as well as general support for school operations. Schedule D, Part XI, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 34,696, Cost of goods sold $ 269,989, Rental expenses $882,480 and the Change in the Value of Split Interest Agreements $204,696. Schedule D, Part XI, Line 4b Other adjustments Financial Aid Grants $ 5,751,356. Schedule D, Part XII, Line 2d Other adjustments are expenses which were netted out of revenue. Special events expense $ 34,697, Cost of goods sold $269,989, Rental expenses $882,480. Schedule D, Part XII, Line 4b Other adjustments Financial Aid Grants $ 5,751,356. 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 Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. Sawyer Tournament 177648 152138 25510 0 0 1500 22732 0 10464 0 0 177648 152138 25510 0 0 1500 22732 0 10464 34696 -9186 1 Financial Aid for the school year 130 5747055 0 Determined by need Tuition aid and discounts for Summer Program recipients 9 4301 0 Tuition discounts Schedule I, Part I, Line 2 Financial aid is awarded to students on the basis of financial need in an objective and non-discriminatory manner. To be considered for a financial aid grant for their children, parents must furnish 1. A copy of their most recent federal tax return 2. A completed "Parents Financial Statement" provided by the school and the student service for financial aid (SSS). SSS analyzes the "Parents Financial Statement" and makes a recommendation regarding financial need to the school for its consideration. The school makes determinations of financial aid based upon this information, sometimes adjusted to reflect supplemental information provided by the family. X X 1 1 X 0 0 0 0 0 0 0 0 0 Gregory J Schneider Ronald M. Druker '62 Head of School 373908 0 46577 0 22885 0 22800 0 146821 0 612991 0 608947 0 Jay Bounty Assistant Treasurer CFO and Director of Operations 296946 0 1827 0 20592 0 28500 0 20117 0 367982 0 345738 0 Beverly Couglin Director of Development 353578 0 1827 0 0 0 34200 0 10173 0 399778 0 378924 0 George Tahan Faculty 168678 0 1878 0 552 0 16258 0 86196 0 273562 0 233683 0 Jay Fritz Director of Major and Planned Gifts 166866 0 1878 0 300 0 19251 0 30546 0 218841 0 224371 0 Donald Bradley Head of Upper School 158050 0 1878 0 1552 0 19943 0 30546 0 211969 0 205428 0 Lauren Hamilton Director of Middle School 147134 0 1878 0 1842 0 17657 0 39675 0 208186 0 242482 0 Michael Grant Assistant Head of School 147858 0 1878 0 6350 0 17160 0 30546 0 203792 0 178556 0 Schedule J, Part I, Line 1a Gregory J. Schneider is required to stay on campus to perform his duties as Head of School. Included in Gregory J Schneider's column D for 2020 is an amount for the rental value of his house with utilities totaling $72,000, along with $8,700 for housekeeping's charge to clean the house. Schedule J, Part I, Line 3 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other key employees, namely the CFO and Director of Operations and the Director of Development. A Massachusetts Development Finance Agency 043431814 000000000 2012-08-09 7423000 Advance refund Series 2007 bonds 0 0 0 B Massachesetts Development Finance Agency 043431814 000000000 2017-10-02 29132000 Refund of Series A 2012 taxable bonds 0 0 0 A 0 0 7423000 0 0 0 42858 0 0 0 0 0 0 1 1 1 B 0 0 29132000 0 0 0 0 0 0 0 0 0 0 1 1 1 A 0 0 0 0 0.002 0.015 0.017 0 0 1 B 0 0 0 0 0.002 0.015 0.017 0 0 0 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 A 1 B 1 Schedule K, Part IV, Line 2c-08/09/2012 7,423,000 Massachusetts Development Finance Agency 8/9/2012 7,423,000 Massachusetts Development Finance Agency- The proceeds were used to advance refund a portion of the School's Series 2007 Schedule K, Part IV, Line 2c-10/02/2017 29,132,000 Massachesetts Development Finance Agency 8/9/2012 7,423,000 Massachusetts Development Finance Agency- The proceeds were used to advance refund a portion of the School's Series 2007 X 25 115594 FMV on date of gift X Changes in Pledges 1 -325163 NPV of Pledges X Technology Equipment 2 431163 FMV on date of gift 0 1 0 Form 990, Part VI, Section B, Line 11b Prior to filing, the form 990 was reviewed by the Audit Committee of the Board of Trustees and then posted on the trustee portal on the School's website. Trustees were invited to review and comment on the form 990 online prior to filing. Form 990, Part VI, Section B, Line 12c Every year the School sends a conflict of interest questionnaire to trustees, members of trustee committees, and employees with decision making authority. The results of the survey are reviewed by the Audit Committee of the Board of Trustees. Form 990, Part VI, Section B, Line 15 The Executive Committee of the Board of Trustees sits as a Compensation Committee when it meets in executive session to consider compensation for the Head of School. The Committee reviews comparison compensation data for similar schools. The Committee reports the results of its deliberation to the Board of Trustees. This process described is also used to determine compensation for other officers, namely the CFO, and key employees, namely the Director of Development. Form 990, Part VI, Section C, Line 19 These documents are available to the public on request to the Business Office, Belmont Hill School, Inc. at 350 Prospect Street in Belmont, MA 02478. These documents are also available for public inspection on the website of the Attorney General of the Commonwealth of Massachusetts at http://www.charities.ago.state.ma.us/ and also at Guidestar at http://www2.guidestar.org. Form 990, Part XI, Line 9 Other changes in net assets equals the change in split interest agreements. BH Management LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076572 Real Estate MA 300403 344030 Belmont Hill School Inc 283 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076677 Real Estate MA 0 831411 Belmont Hill School Inc 301 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076723 Real Estate MA 0 657000 Belmont Hill School Inc 315 Prospect Street LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076773 Real Estate MA 0 1063253 Belmont Hill School Inc 9 Park Avenue LLC Belmont Hill School Inc 350 Prospect Street Belmont MA 024782662 273076628 Real Estate MA 0 1774554 Belmont Hill School Inc 305 Prospect Street Belmont Hill School Inc 350 Prospect Street Belmont MA 02478 811045471 Real Estate MA 0 701203 Belmont Hill School Inc Extension was filed.