2022-05-11T08:02:35-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2020-07-01 042137227 DERBY ACADEMY TRUSTEES DERB 7817490746 56 BURDITT AVENUE HINGHAM MA 02043 JOHN HELLER TREASURER 7817490746 2022-05-10 1 JOHN HELLER 999009999 JOHN TOSCANO P00358542 8605614000 2022-05-09 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z THOMAS REID 56 BURDITT AVENUE HINGHAM MA 02043 16198733 0 X WWW.DERBYACADEMY.ORG X 1784 MA DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 23 23 128 150 0 0 1422595 2556740 10583719 11141923 1031359 -437752 156476 185058 13194149 13445969 944448 557171 0 0 8053431 8067847 0 0 586259 3556045 3592284 12553924 12217302 640225 1228667 30371395 41494824 9312204 15568852 21059191 25925972 DERBY ACADEMY IS A COEDUCATIONAL, PRE-KINDERGARTEN THROUGH GRADE 8 SCHOOL THAT NURTURES THE DEVELOPMENT OF THE CHILD BY PROVIDING OPPORTUNITIES FOR THE MAXIMUM INTELLECTUAL, EMOTIONAL, AND PHYSICAL GROWTH OF EACH STUDENT. 0 0 9145271 557171 11169631 INSTRUCTION AND STUDENT ACTIVITIES FOR APPROXIMATELY 350 STUDENTS IN PRE-KINDERGARDEN THROUGH GRADE 8. ACHIEVEMENTS INCLUDING ACADEMIC ADVANCEMENT TO THE NEXT GRADE LEVEL FOR ALL STUDENTS, SOCIAL DEVELOPMENT THROUGH CLASSROOM ACTIVITIES, TEAM SPORTS, PERFORMING ARTS, FAMILY STYLE LUNCHES, AND DEVELOPMENT OF THE INTELLECTIAL CURIOSITY OF EACH STUDENT USING HIS OR HER LEARNING STYLE TO GUIDE THE PROCESS. 7891 37693 SUMMER PROGRAMS FOR ARTS, EDUCATION, AND ACTIVITIES SERVING APPROXIMATELY 364 STUDENTS. ACHIEVEMENTS INCLUDE DEVELOPMENT OF STUDENT ABILTIIES IN PERFORMING ARTS, CREATIVE CRAFT, ATHLETICS, SCIENTIFIC EXPLORATION, AND OUTDOOR ACTIVITIES. 9153162 1 1 0 0 0 0 0 0 0 1 1 0 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 0 0 0 0 0 1 13 0 1 128 1 0 0 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 1 1 0 0 0 MA X X ANTHONY BLACK 7817490746 56 BURDITT AVENUE HINGHAM MA 020431846 JOSEPH PERRY FORMER HEAD OF SCHOOL 0.00 X 292451 0 17982 PHILIP CANTILLON CFO THRU 12/31/20 45.00 X 143064 0 28406 PAUL MOUNTCASTLE DIRECTOR OF DEVELOPMENT 45.00 X 124429 0 29193 SCOT CHANDLER FORMER HEAD OF LOWER SCHOOL 0.00 X 137825 0 14675 KATHLEEN HOWELL HEAD OF MIDDLE AND UPPER SCHOOL 40.00 X 146042 0 1013 MARY MURPHY HEAD OF LOWER SCHOOL 45.00 X 111571 0 29602 DEBORAH LASALA FACULTY 40.00 X 113361 0 25474 THOMAS REID INTERIM HOS 45.00 X 131058 0 34712 STEPHANIE NEAL-JOHNSON DIR. OF ADMISSIONS THRU 11/6/2020 45.00 X 128694 0 565 ANTHONY BLACK CONTROLLER THRU 12/31/20; CFO A/O 1/1/21 45.00 X 104709 0 12721 JENNIFER LOWE NEWELL TRUSTEE 1.00 X 0 0 0 ROBERT FAWCETT JR TRUSTEE 1.00 X 0 0 0 JAY SADLON TRUSTEE 1.00 X 0 0 0 KRISTEN MAXWELL TRUSTEE 1.00 X 0 0 0 CAROLINE CURTIS HAYES TRUSTEE 1.00 X 0 0 0 CURTIS CETRULO TRUSTEE 1.00 X 0 0 0 JOHN DREW TRUSTEE 1.00 X 0 0 0 PATRICIA B LEGGAT TRUSTEE 1.00 X 0 0 0 JANE CHEEVER CARR TRUSTEE 1.00 X 0 0 0 DEMI ISENSTADT TRUSTEE 1.00 X 0 0 0 ANDREA CARR HEDRICK TRUSTEE 1.00 X 0 0 0 HUNTER KASS TRUSTEE 1.00 X 0 0 0 AJAY SADHWANI TRUSTEE 1.00 X 0 0 0 SUZANNE NORRIS TRUSTEE 1.00 X 0 0 0 HARRY W HEALEY JR TRUSTEE 1.00 X 0 0 0 BRUCE H MINEVITZ TRUSTEE 1.00 X 0 0 0 ELIZABETH M LORING TRUSTEE 1.00 X 0 0 0 CAROLINE COUNSELMAN TRUSTEE 1.00 X 0 0 0 METRI METRI TRUSTEE 1.00 X 0 0 0 LORI CASHMAN TRUSTEE/PRESIDENT 5.00 X X 0 0 0 CHRISTIE O'CONNOR TRUSTEE/SECRETARY 1.00 X X 0 0 0 JOHN HELLER TRUSTEE/TREASURER 1.00 X X 0 0 0 JEFFREY ALEXANDER TRUSTEE/VICE PRESIDENT 1.00 X X 0 0 0 1433204 0 194343 10 1 1 0 FLIK 2 INTERNATIONAL DRIVE RYE BROOK NY 10573 FOOD AND CATERING 342493 HAROLD BROTHERS MECHANICAL 44 WOODROCK RD 2336 WEYMOUTH MA 02189 CONSTRUCTION & REPAIRS 150099 LOUIS PASQUALUCCI & SON INC 40 SUMNER STREET QUINCY MA 02169 CONSTRUCTION & REPAIRS 140143 MONUMENT TECHNOLOGY GROUP LLC 361 MAIN STREET HINGHAM MA 02043 TECHNOLOGY SERVICES 121527 JOSEPH INGLE BUS SERVICES INC 577 CIRCUIT STREET HANOVER MA 02339 TRANSPORTATION SERVICES 117690 11 10055 1479976 1066709 63003 2556740 TUITION AND FEES 611110 11000664 11000664 STUDENT SUPPORT SERVICES 611110 141259 141259 11141923 183799 183799 81075 0 81075 81075 81075 2095165 2716716 -621551 -621551 -621551 74630 10055 36048 38582 38582 PARENTS ASSOCIATION INCOME 900099 63225 63225 MISCELLANEOUS REVENUE 900099 2176 2176 65401 13445969 11207324 0 -318095 557171 557171 482593 47820 410863 23910 5658296 4374411 913892 369993 329341 260631 50442 18268 1157839 978912 137043 41884 439778 315180 92575 32023 103416 103416 28300 28300 56249 56249 248979 29322 209657 10000 59646 504 30372 28770 270491 184874 69233 16384 894720 862803 28882 3035 25490 1186 22407 1897 144137 33968 110169 673680 605017 67225 1438 120485 101843 16589 2053 FOOD 460639 457537 1978 1124 DUES AND SUBSCRIPTIONS 153715 45063 91585 17067 TRANSPORTATION 119959 119959 PARENT'S ASSOCIATION 110140 110140 122238 66821 37004 18413 12217302 9153162 2477881 586259 220929 10700 2121649 3528039 434289 175494 166583 9287662 171962 124691 23360486 10218297 15543793 13142189 11712190 15226049 30371395 41494824 840398 632664 1482402 11756152 5509428 3180036 1479976 0 9312204 15568852 X 14463575 17509496 6595616 8416476 21059191 25925972 30371395 41494824 1228667 3638114 0 X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11694190 169989 3761870 45527 354473 15226049 11944331 125001 324858 700000 11694190 11501193 292283 550855 400000 11944331 11000800 136219 664174 300000 11501193 10008846 29867 1262087 300000 11000800 0.47170 0.52830 0.00000 0 0 1058089 1058089 19059735 8378356 10681379 1536208 1087914 448294 1706454 752027 954427 13142189 16129756 3638114 -898078 2740036 13389720 56249 56249 13445969 11262975 -898078 -898078 12161053 56249 56249 12217302 PART V, LINE 4: THE ENDOWMENT FUND IS USED TO SUPPORT OPERATIONS, INCLUDING FACILITY COSTS AND FINANCIAL AID. PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 36,048. FINANCIAL AID AND TUITION REMISSION -934,126. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING DIRECT EXPENSES 36,048. FINANCIAL AID AND TUITION REMISSION -934,126. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 IN ALL BROCHURES, HANDBOOK AND PUBLICATIONS USED BY THE SCHOOL, THE STATEMENT IS INCLUDED. ALSO, AN ANNUAL STATEMENT APPEARS IN THE BOSTON GLOBE NEWSPAPER SPONSORED BY THE ASSOCIATION OF INDEPENDENT SCHOOLS OF NEW ENGLAND. SCHEDULE E, PART I, LINE 6 DURING FISCAL YEAR ENDED JUNE 30, 2020 THE SCHOOL RECEIVED A PAYCHECK PROTECTION PLAN LOAN GRANTED BY THE U.S. DEPARTMENT OF TREASURY THROUGH THE SMALL BUSINESS ADMINISTRATION UNDER THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT (CARES ACT). THE SCHOOL RECEIVED FORGIVENESS DURING FISCAL YEAR ENDED JUNE 30, 2021. GOLF OUTING 84685 10055 74630 200 900 31100 3848 84685 10055 74630 200 900 31100 3848 36048 38582 1 FINANCIAL AID FOR ATTENDING STUDENTS 40 557171 PART I, LINE 2: FINANCIAL AID IS AVAILABLE FOR QUALIFIED STUDENTS ON THE BASIS OF NEED DETERMINED BY THE NAIS GUIDELINES AND ARE SET BY THE HEAD OF SCHOOL, CFO AND HEAD OF ADMISSIONS. THE FINANCIAL AID BUDGET IS THEN FORMALLY SET BY THE FINANCE COMMITTEE WITH APPROVAL BY THE BOARD ON A YEARLY BASIS. X 0 0 X X X X 1 0 0 0 0 0 0 0 0 JOSEPH PERRY FORMER HEAD OF SCHOOL 292451 0 0 0 0 0 8627 0 9355 0 310433 0 0 0 PHILIP CANTILLON CFO THRU 12/31/20 143064 0 0 0 0 0 10886 0 17520 0 171470 0 0 0 PAUL MOUNTCASTLE DIRECTOR OF DEVELOPMENT 124429 0 0 0 0 0 9552 0 19641 0 153622 0 0 0 SCOT CHANDLER FORMER HEAD OF LOWER SCHOOL 137825 0 0 0 0 0 5320 0 9355 0 152500 0 0 0 THOMAS REID INTERIM HOS 131058 0 0 0 0 0 0 0 34712 0 165770 0 0 0 PART I, LINE 1A THE HEAD OF SCHOOL RECEIVES EMPLOYER-PROVIDED HOUSING. THE AMOUNT IS NOT CONSIDERED TAXABLE. PART I, LINE 4A DERBY ACADEMY PAID SEVERANCE OF $70,850 TO THE FORMER HEAD OF LOWER SCHOOL AND $233,322 TO THE FORMER HEAD OF SCHOOL IN 2020. A MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2016-04-26 1666025 TO PAY OFF PRIOR ISSUANCE FROM 2006 0 0 0 B MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 043431814 2018-04-27 4750000 ACQUISITION OF PROPERTY 0 0 0 A 787994 1666025 1666025 2007 1 0 1 1 B 2346601 4750000 100948 4649052 2018 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 B 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 B 0 1 0 0 1 0 0 0 1 A 1 B 1 X 7 63003 FMV AT DONATION 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTIONS REPRESENTS THE NUMBER OF DONORS WHO DONATED ITEMS. FORM 990, PART VI, SECTION A, LINE 8B THE ACADEMY HAS NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF OF THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 11B ONCE THE FORM 990 IS PREPARED BY THE INDEPEDENT ACCOUNTING FIRM, IT IS REVIEWED BY THE CONTROLLER AND CFO PRIOR TO BEING REVIEWED AND APPROVED BY THE TREASURER. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED WITH EACH NEW TRUSTEE BEFORE HE OR SHE IS ELECTED. ON AN ANNUAL BASIS, EACH TRUSTEE IS REQUIRED TO COMPLETE AND SIGN A STATEMENT DISCLOSING ANY POTENTIAL CONFLICTS OF INTEREST AS REQUIRED BY THE POLICY. ANY CONFLICTS DISCLOSED ARE REPORTED TO THE FULL BOARD OF TRUSTEES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF TRUSTEES REVIEWS COMPARABLE DATA AND APPROVES COMPENSATION FOR THE HEAD OF SCHOOL. THE HEAD OF SCHOOL'S PERFORMANCE IS REVIEWED ANNUALLY BY A SUBCOMMITTEE OF THE BOARD. THIS PROCESS WAS LAST FOLLOWED IN 2020. THE HEAD OF SCHOOL'S COMPENSATION IS DOCUMENTED IN AN EMPLOYMENT CONTRACT. THE CFO'S COMPENSATION IS DETERMINED BY THE HEAD OF SCHOOL AND APPROVED BY THE BOARD OF TRUSTEES. FORM 990, PART VI, SECTION C, LINE 19 THE ACADEMY'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST.